Commercial Real Estate Market in Mobile, AL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
368 active listings and 10,917 off-market properties in Mobile, AL. Commercial property asks $116/SF to buy and $13.96/SF/Yr to lease.
Market Trends
Mobile, AL spans 278.0 square miles in Mobile County, Alabama. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Mobile, AL has a median asking sale price of $151/SF. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail space in Mobile, AL has a median asking sale price of $114/SF. Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial space in Mobile, AL has a median asking sale price of $102/SF (based on 7 listings). Vacancy 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 space in Mobile, AL has a median asking sale price of $135/SF (based on 5 listings). Vacancy 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 62.3%
- Industrial 23.1%
- Mixed use 9.3%
- Commercial 5.3%
Largest Zones share of zoned land by district
Mobile, AL zones 86,851 acres across 38 districts. Commercial zoning covers 5.3% of zoned land, residential 62.3% and industrial 23.1%. The largest single district is Single Family Residential Suburban at 54.4%. For commercial buyers the practical constraint is that only 28.4% of land carries a commercial or industrial designation.
The R-1 district is composed of both developed and largely undeveloped areas. The developed areas contain mainly one-family dwellings and small open areas, usually subdivided, where residential development seems likely to occur ,few two family and multiple-family dwellings are found in these developed areas and Suburban subdistrict are areas generally develo…
Market overview
Demographics & Economy
Mobile, AL has 280,818 residents in 128,672 households. Density runs 1,010 people per square mile. Median household income here is $56,472 and median gross rent $1,046 a month.
Tools
Nearby Markets
Commercial property in Mobile, AL asks $116/SF. The 2 bordering markets run from $158/SF in Daphne to $203/SF in Saraland, and the city sits below their $180/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Mobile?
How much does it cost to lease commercial space in Mobile?
How does Mobile compare to nearby markets on price?
What zoning applies to commercial property in Mobile?
Where does Realmo's Mobile market data come from?
Methodology & data sources
- Asking prices and medians
- There are 163 active for-sale and 205 active for-lease listings in Mobile, AL. The medians are based on 56 of the for-sale and 45 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: 86,851 zoned acres across 38 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
