Commercial Real Estate Market in Phenix City, AL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
175 active listings and 917 off-market properties in Phenix City, AL. Commercial property asks $13/SF to buy and $20.00/SF/Yr to lease.
Market Trends
Phenix City, AL spans 112.6 square miles in Russell County, Alabama. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Phenix City, AL runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Phenix City, AL runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Phenix City, 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 Phenix City, AL runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Market overview
Demographics & Economy
Phenix City, AL has 63,578 residents in 29,105 households. Density runs 565 people per square mile. Median household income here is $54,974 and median gross rent $942 a month.
63,578
Population
29,105
Households
2.2
Avg Household Size
36
Median Age
22%
College-Educated
88%
High-School Grad
112.6 sq mi
ZIP Area
565
Density / Sq Mi
$54,974
Median Household Income
$37,288
Median Earnings
$942
Median Rent
$164,877
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Smiths | — | — |
| Smiths Station | — | — |
| Cataula | — | — |
| Seale | — | — |
Commercial property in Phenix City, AL asks $13/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Phenix City?
Commercial property in Phenix City, AL asks an average of $13 per square foot.
How much does it cost to lease commercial space in Phenix City?
Asking lease rates in Phenix City, AL average $20.00 per square foot per year.
Where does Realmo's Phenix City market data come from?
Realmo compiles Phenix City, AL figures from 166 active sale listings, 9 active lease listings, 917 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 166 active for-sale and 9 active for-lease listings in Phenix City, 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.
- 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
