Commercial Real Estate Market in Callaway, FL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
3 active listings and 2 off-market properties in Callaway, FL.
Market Trends
Callaway, FL spans 135.1 square miles in Bay County, Florida. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Callaway, FL runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Callaway, FL runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Callaway, FL 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 Callaway, FL asks $297/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
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 39.4%
- Planned_development 35.4%
- Open space 3.8%
- Commercial 2.7%
- Civic 1.5%
- Agricultural 0.6%
Largest Zones share of zoned land by district
Planned Development
Undesignated
Single Family Residential
Single Family Residential Mobile Home
Commercial
Planned Development (PD)
PD Planned Development AG Agriculture NTPSOD North Tyndall Parkway Special Overlay District CCUDOD Central Corridors Urban Design Overlay District SECTION 15.505 ZONING MAP (a) The location and boundaries of zoning districts esta blished within the City of Callaway shall be shown on the map entitled "City of Callaway, Florida Official Zoning Map", and may be…
Market overview
Demographics & Economy
Callaway, FL has 38,186 residents in 18,053 households. Density runs 283 people per square mile. Median household income here is $72,208 and median gross rent $1,355 a month.
38,186
Population
18,053
Households
2.1
Avg Household Size
40
Median Age
21%
College-Educated
87%
High-School Grad
135.1 sq mi
ZIP Area
283
Density / Sq Mi
$72,208
Median Household Income
$38,701
Median Earnings
$1,355
Median Rent
$239,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Panama City | — | $18.37 |
| Panama City Beach | — | $16.95 |
| Lynn Haven | — | — |
| Southport | — | $3.87 |
Commercial property in Callaway, FL asks $169/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Callaway?
Commercial property in Callaway, FL asks an average of $169 per square foot. Multifamily carries the highest asking price at $297/SF.
Where does Realmo's Callaway market data come from?
Realmo compiles Callaway, FL figures from 3 active sale listings, 2 tracked off-market properties, the current Callaway zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 3 active for-sale and 0 active for-lease listings in Callaway, FL. 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: 5,442 zoned acres across 23 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 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
