Commercial Real Estate Market in Florence, AZ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
112 active listings and 293 off-market properties in Florence, AZ. Commercial property asks $82/SF to buy and $21.22/SF/Yr to lease.
Market Trends
Florence, AZ spans 601.3 square miles in Pinal County, Arizona. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Florence, AZ runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail space in Florence, AZ asks $94/SF to buy. Vacancy runs 5.8% across the West region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Industrial
Industrial vacancy in Florence, AZ runs 7.9% across the West region in 2025, up from 3.7% in 2019. Nearly 3.2x the 2022 low of 2.5%.
Vacancy Rate % in West region
Multifamily
Multifamily vacancy in Florence, AZ runs 8.6% across the West region in 2025, up from 7% in 2022.
Vacancy Rate % in West region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Planned_development 55.4%
- Residential 33.5%
- Agricultural 4.8%
- Industrial 2.8%
- Mixed use 2.1%
- Commercial 1.2%
- Civic 0.2%
Largest Zones share of zoned land by district
Planned Unit Development
Rural Agricultural
Neighborhood Multi Family Residential
Rural Agricultural
Single Family Ranchette
Planned Unit Development (PUD)
Planned Unit Development (PUD) 150.070 Territory Square (TS) Regulations Part 1. General Provisions 150.080 Reserved 150.081 Reserved 150.082 Abandoned or junked vehicles Part 2. Outdoor Lighting Control 150.083 Intent 150.084 Conformance with applicable codes 150.085 Approved material and methods of installation 150.086 Permanent exemptions; nonconforming f…
Market overview
Demographics & Economy
Florence, AZ has 38,848 residents in 11,901 households. Density runs 65 people per square mile. Median household income here is $76,832 and median gross rent $1,268 a month.
38,848
Population
11,901
Households
3.3
Avg Household Size
39
Median Age
18%
College-Educated
83%
High-School Grad
601.3 sq mi
ZIP Area
65
Density / Sq Mi
$76,832
Median Household Income
$41,633
Median Earnings
$1,268
Median Rent
$314,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Coolidge | — | — |
| San Tan Valley | — | — |
Commercial property in Florence, AZ asks $82/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Florence?
Commercial property in Florence, AZ asks an average of $82 per square foot. The 5 most recent recorded sales traded at a median of $178/SF. Retail carries the highest asking price at $94/SF.
How much does it cost to lease commercial space in Florence?
Asking lease rates in Florence, AZ average $21.22 per square foot per year.
Where does Realmo's Florence market data come from?
Realmo compiles Florence, AZ figures from 7 recent recorded sales, 109 active sale listings, 3 active lease listings, 293 tracked off-market properties, the current Florence zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 109 active for-sale and 3 active for-lease listings in Florence, AZ. 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: 40,271 zoned acres across 18 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 30 September 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at West region level, retail vacancy is reported at West region level and industrial vacancy is reported at West 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 30 September 2026 · How Realmo checks market page data · Report a data issue
