Commercial Real Estate Market in Madison, AL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
57 active listings and 1,609 off-market properties in Madison, AL. Commercial property asks $230/SF to buy (based on 5 listings) and $17.70/SF/Yr to lease.
Market Trends
Madison, AL spans 119.1 square miles in Limestone County, Alabama. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Madison, AL runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail vacancy in Madison, AL runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial vacancy in Madison, AL runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Multifamily
Multifamily vacancy in Madison, AL runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 59.9%
- Agricultural 16.8%
- Commercial 10%
- Industrial 8.1%
- Planned_development 2.3%
- Civic 1.9%
- Mixed use 0.7%
Largest Zones share of zoned land by district
Madison, AL zones 19,748 acres across 21 districts. Commercial zoning covers 10% of zoned land, residential 59.9% and industrial 8.1%. The largest single district is Medium Density Residential District at 17.7%. For commercial buyers the practical constraint is that only 18.1% of land carries a commercial or industrial designation.
Rural and Transitional R-1, AG Park and Natural Areas All All Section 5-2. Planned Unit Development Districts; Limited Although a category of Planned Unit Development (PUD) has not been included in the district list in Section 5-3 or described in Sections 5-4 or 5-5, existing PUDs developed and maintained according to their site-specific development plans ar…
Market overview
Demographics & Economy
Madison, AL has 88,132 residents in 36,320 households. Density runs 740 people per square mile. Median household income here is $118,790 and median gross rent $1,474 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Madison?
How much does it cost to lease commercial space in Madison?
What zoning applies to commercial property in Madison?
Where does Realmo's Madison market data come from?
Methodology & data sources
- Asking prices and medians
- There are 13 active for-sale and 44 active for-lease listings in Madison, AL. The medians are based on 5 of the for-sale and 16 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 19,748 zoned acres across 21 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 October 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 October 2026 · How Realmo checks market page data · Report a data issue
