Commercial Real Estate Market in Spanish Fort, AL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
166 active listings and 333 off-market properties in Spanish Fort, AL. Commercial property asks $4/SF to buy and $25.00/SF/Yr to lease.
Market Trends
Spanish Fort, AL spans 42.3 square miles in Baldwin County, Alabama. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Spanish Fort, 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 Spanish Fort, AL runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Spanish Fort, 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 space in Spanish Fort, AL asks $282/SF to buy. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Market overview
Demographics & Economy
Spanish Fort, AL has 18,034 residents in 7,621 households. Density runs 426 people per square mile. Median household income here is $112,672 and median gross rent $1,373 a month.
18,034
Population
7,621
Households
2.4
Avg Household Size
39
Median Age
43%
College-Educated
97%
High-School Grad
42.3 sq mi
ZIP Area
426
Density / Sq Mi
$112,672
Median Household Income
$51,337
Median Earnings
$1,373
Median Rent
$348,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Daphne | — | $8.84 |
| Bromley | — | — |
| Loxley | — | — |
| Fairhope | — | $25.16 |
Commercial property in Spanish Fort, AL asks $4/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Spanish Fort?
Commercial property in Spanish Fort, AL asks an average of $4 per square foot. The 5 most recent recorded sales traded at a median of $219/SF. Multifamily carries the highest asking price at $282/SF.
How much does it cost to lease commercial space in Spanish Fort?
Asking lease rates in Spanish Fort, AL average $25.00 per square foot per year.
Where does Realmo's Spanish Fort market data come from?
Realmo compiles Spanish Fort, AL figures from 8 recent recorded sales, 150 active sale listings, 16 active lease listings, 333 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 150 active for-sale and 16 active for-lease listings in Spanish Fort, 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
