Commercial Real Estate Market in Nogales, AZ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
43 active listings and 907 off-market properties in Nogales, AZ. Commercial property asks $71/SF to buy and $16.00/SF/Yr to lease.
Market Trends
Nogales, AZ spans 500.3 square miles in Santa Cruz County, Arizona. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Nogales, AZ asks $115/SF to buy. Vacancy runs 20.8% across the West region in 2025, up from 11% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Retail
Retail space in Nogales, AZ asks $51/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 Nogales, 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 Nogales, 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
- Residential 69.4%
- Industrial 20.8%
- Commercial 9.5%
Largest Zones share of zoned land by district
Single Family Residential
Light Industrial
Single Family Residential
Single Family Residential
Multifamily Residential
Nogales, AZ zones 12,090 acres across 9 districts. Commercial zoning covers 9.5% of zoned land, residential 69.4% and industrial 20.8%. The largest single district is Single Family Residential at 30.4%. For commercial buyers the practical constraint is that only 30.2% of land carries a commercial or industrial designation.
Light Industrial (LI)
Light Industrial (LI) The LI District is established to provide for a wide range of light manufacturing, warehousing and wholesaling acƟviƟes, as well as offices and some support services, all subject to minimum design standards intended to ensure such development is compa Ɵble with high-visibility areas. Standards of this district are designed to minimize i…
Market overview
Demographics & Economy
Nogales, AZ has 42,450 residents in 15,669 households. Density runs 85 people per square mile. Median household income here is $52,224 and median gross rent $870 a month.
42,450
Population
15,669
Households
2.7
Avg Household Size
37
Median Age
21%
College-Educated
75%
High-School Grad
500.3 sq mi
ZIP Area
85
Density / Sq Mi
$52,224
Median Household Income
$35,387
Median Earnings
$870
Median Rent
$192,880
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Nogales?
Commercial property in Nogales, AZ asks an average of $71 per square foot. The 5 most recent recorded sales traded at a median of $176/SF. Office carries the highest asking price at $115/SF.
How much does it cost to lease commercial space in Nogales?
Asking lease rates in Nogales, AZ average $16.00 per square foot per year.
What zoning applies to commercial property in Nogales?
Nogales, AZ zones 12,090 acres across 9 districts, of which 9.5% is commercial and 20.8% industrial. The largest single district is Single Family Residential at 30.4% of zoned land. Residential zoning covers 69.4% and open space 0%.
Where does Realmo's Nogales market data come from?
Realmo compiles Nogales, AZ figures from 5 recent recorded sales, 33 active sale listings, 10 active lease listings, 907 tracked off-market properties, the current Nogales zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 33 active for-sale and 10 active for-lease listings in Nogales, 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: 12,090 zoned acres across 9 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 · report a data issue
