Commercial Real Estate Market in Carmel by the Sea, CA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
91 active listings and 411 off-market properties in Carmel by the Sea, CA. Commercial property asks $27/SF to buy and $21.60/SF/Yr to lease.
Market Trends
Carmel by the Sea, CA spans 1.0 square miles in Monterey County, California. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Carmel by the Sea, CA runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Carmel by the Sea, CA runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Carmel by the Sea, CA 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 space in Carmel by the Sea, CA asks $364/SF to buy. Vacancy runs 8.6% across the West region in 2025, up from 7% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Market overview
Demographics & Economy
Carmel by the Sea, CA has 2,956 residents in 2,910 households. Density runs 3,105 people per square mile. Median household income here is $87,457 and median gross rent $2,980 a month.
2,956
Population
2,910
Households
1
Avg Household Size
63
Median Age
75%
College-Educated
100%
High-School Grad
1 sq mi
ZIP Area
3,105
Density / Sq Mi
$87,457
Median Household Income
$48,214
Median Earnings
$2,980
Median Rent
$2,000,001
Median Home Value
Tools
Nearby Markets
Commercial property in Carmel by the Sea, CA asks $27/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Carmel by the Sea?
Commercial property in Carmel by the Sea, CA asks an average of $27 per square foot. The 5 most recent recorded sales traded at a median of $697/SF. Multifamily carries the highest asking price at $364/SF.
How much does it cost to lease commercial space in Carmel by the Sea?
Asking lease rates in Carmel by the Sea, CA average $21.60 per square foot per year.
Where does Realmo's Carmel by the Sea market data come from?
Realmo compiles Carmel by the Sea, CA figures from 7 recent recorded sales, 82 active sale listings, 9 active lease listings, 411 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 82 active for-sale and 9 active for-lease listings in Carmel by the Sea, CA. 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 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
