Commercial Real Estate Market in Montgomery, AL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
275 active listings and 10,253 off-market properties in Montgomery, AL. Commercial property asks $69/SF to buy and $13.38/SF/Yr to lease.
Market Trends
Montgomery, AL spans 314.6 square miles in Montgomery County, Alabama. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Montgomery, AL has a median asking sale price of $86/SF. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail space in Montgomery, AL has a median asking sale price of $80/SF. Vacancy runs 9.8% in 2025, down from 10.9% in 2020. Down from a 2023 peak of 11.6%.
Industrial
Industrial space in Montgomery, AL has a median asking sale price of $56/SF (based on 3 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 vacancy in Montgomery, 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 70.7%
- Industrial 12.5%
- Agricultural 4.7%
- Planned_development 4.6%
- Civic 3.7%
- Commercial 2.9%
- Mixed use 0.7%
- Open space 0%
Largest Zones share of zoned land by district
Montgomery, AL zones 226,879 acres across 61 districts. Commercial zoning covers 2.9% of zoned land, residential 70.7%, open space 0% and industrial 12.5%. The largest single district is Residential Agriculture at 36.3%. For commercial buyers the practical constraint is that only 15.4% of land carries a commercial or industrial designation.
The purpose of this FH district is to provide areas for the Agriculture, poultry and livestock raising and kennels, together with such single-family dwellings as are occupied by the farm owner or resident farm workers, provided no structure housing animals is located closer than 200 feet to a residential district boundary.
Market overview
Demographics & Economy
Montgomery, AL has 208,767 residents in 97,142 households. Density runs 664 people per square mile. Median household income here is $56,716 and median gross rent $1,066 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Montgomery?
How much does it cost to lease commercial space in Montgomery?
What zoning applies to commercial property in Montgomery?
Where does Realmo's Montgomery market data come from?
Methodology & data sources
- Asking prices and medians
- There are 163 active for-sale and 112 active for-lease listings in Montgomery, AL. The medians are based on 47 of the for-sale and 18 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: 226,879 zoned acres across 61 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, industrial vacancy is reported at South region level and multifamily 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
