Commercial Real Estate Market in Mobile, AL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
933 active listings and 10,924 off-market properties in Mobile, AL. Commercial property asks $16/SF to buy and $14.67/SF/Yr to lease.
Market Trends
Mobile, AL spans 278.0 square miles in Mobile County, Alabama. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Mobile, AL asks $113/SF to buy. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Retail
Retail space in Mobile, AL asks $126/SF to buy. Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Industrial
Industrial vacancy in Mobile, AL runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Mobile, AL runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
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
Single Family Residential Suburban
Heavy Industry
Community Business Suburban
Single Family Residential Urban
Light Industry
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.
Single Family Residential Suburban (R-1-S)
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.
280,818
Population
128,672
Households
2.2
Avg Household Size
38
Median Age
29%
College-Educated
90%
High-School Grad
278 sq mi
ZIP Area
1,010
Density / Sq Mi
$56,472
Median Household Income
$37,291
Median Earnings
$1,046
Median Rent
$174,413
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Prichard | — | — |
| Chickasaw | — | — |
| Saraland | — | — |
| Semmes | — | — |
Commercial property in Mobile, AL asks $16/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Mobile?
Commercial property in Mobile, AL asks an average of $16 per square foot. The 8 most recent recorded sales traded at a median of $94/SF. Retail carries the highest asking price at $126/SF.
How much does it cost to lease commercial space in Mobile?
Asking lease rates in Mobile, AL average $14.67 per square foot per year.
What zoning applies to commercial property in Mobile?
Mobile, AL zones 86,851 acres across 38 districts, of which 5.3% is commercial and 23.1% industrial. The largest single district is Single Family Residential Suburban at 54.4% of zoned land. 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… Residential zoning covers 62.3% and open space 0%.
Where does Realmo's Mobile market data come from?
Realmo compiles Mobile, AL figures from 8 recent recorded sales, 750 active sale listings, 183 active lease listings, 10,924 tracked off-market properties, the current Mobile zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 750 active for-sale and 183 active for-lease listings in Mobile, AL. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- 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 August 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 August 2026 · report a data issue
