Commercial Real Estate Market in Red Bay, AL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
17 active listings and 243 off-market properties in Red Bay, AL. Commercial property asks $330/SF to buy and $13.38/SF/Yr to lease.
Market Trends
Red Bay, AL spans 90.7 square miles in Franklin County, Alabama. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Red Bay, 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 Red Bay, AL runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Red Bay, 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 Red Bay, 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
Red Bay, AL has 4,182 residents in 2,355 households. Density runs 46 people per square mile. Median household income here is $40,147 and median gross rent $568 a month.
4,182
Population
2,355
Households
1.8
Avg Household Size
43
Median Age
23%
College-Educated
86%
High-School Grad
90.7 sq mi
ZIP Area
46
Density / Sq Mi
$40,147
Median Household Income
$34,342
Median Earnings
$568
Median Rent
$113,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Golden | — | — |
| Belmont | — | — |
| Vina | — | — |
| Ellistown | — | — |
Commercial property in Red Bay, AL asks $330/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Red Bay?
Commercial property in Red Bay, AL asks an average of $330 per square foot. The 4 most recent recorded sales traded at a median of $54/SF, so asking sits 514% above the achieved median.
How much does it cost to lease commercial space in Red Bay?
Asking lease rates in Red Bay, AL average $13.38 per square foot per year.
Where does Realmo's Red Bay market data come from?
Realmo compiles Red Bay, AL figures from 4 recent recorded sales, 13 active sale listings, 4 active lease listings, 243 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 13 active for-sale and 4 active for-lease listings in Red Bay, 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, industrial vacancy is reported at South region level and asking prices run materially above recent closed pricing.
- 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
