Commercial Real Estate Market in Carrabelle, FL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
15 active listings and 125 off-market properties in Carrabelle, FL.
Market Trends
Carrabelle, FL spans 75.4 square miles in Franklin County, Florida. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Carrabelle, FL runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail vacancy in Carrabelle, FL runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial vacancy in Carrabelle, FL runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Multifamily
Multifamily vacancy in Carrabelle, FL runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 52.6%
- Open space 10.9%
- Commercial 7.7%
- Industrial 3.5%
- Special 1.2%
- Mixed use 0.4%
Largest Zones share of zoned land by district
Carrabelle, FL zones 2,776 acres across 13 districts. Commercial zoning covers 7.7% of zoned land, residential 52.6%, open space 10.9% and industrial 3.5%. The largest single district is Low Density Residential at 26.3%. For commercial buyers the practical constraint is that only 11.2% of land carries a commercial or industrial designation.
Table 2.02.01: ALLOWABLE USES IN ZONING DISTRICTS LAND USE P1 A1 RVL RL R1 R2 R3 R4 R5 RM R6 C1 C2 MU I1 T1 Z1 RESIDENTIAL Single Family Attached P P P P SE SE P Detached P P P P P SE P P P SE SE P SE1 Manufactured Home / Mobile Home SE P P SE SE P SE P2 SE3 Two Family P P P P SE SE P Multi
Market overview
Demographics & Economy
Carrabelle, FL has 4,213 residents in 2,258 households. Density runs 56 people per square mile. Median household income here is $58,030 and median gross rent $1,231 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Carrabelle?
What zoning applies to commercial property in Carrabelle?
Where does Realmo's Carrabelle market data come from?
Methodology & data sources
- Asking prices and medians
- There are 15 active for-sale and 0 active for-lease listings in Carrabelle, FL. The sale median is based on 6 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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: 2,776 zoned acres across 13 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 October 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, industrial vacancy is reported at South region level and asking prices run materially above recent closed pricing.
- 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 October 2026 · How Realmo checks market page data · Report a data issue
