Commercial Real Estate Market in Destin, FL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
166 active listings and 1,121 off-market properties in Destin, FL. Commercial property asks $225/SF to buy and $23.00/SF/Yr to lease.
Market Trends
Destin, FL spans 19.6 square miles in Okaloosa County, Florida. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Destin, FL asks $30.45/SF/Yr to lease; the median asking sale price is $146/SF (based on 3 listings). Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail space in Destin, FL has a median asking sale price of $206/SF (based on 3 listings). Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial vacancy in Destin, 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 Destin, 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 36.9%
- Mixed use 21.7%
- Commercial 16.5%
- Open space 12.1%
- Civic 6.4%
- Special 5.5%
- Industrial 0.8%
Largest Zones share of zoned land by district
LDR-V Low Density Residential - Village MDR-HI Medium Density Residential - Holiday Isle MDR-V Medium Density Residential - Village NHMU North Harbor Mixed Use REC Recreation ROI-GD Residential, Office, and Institutional - Gen eral Development ROI-TD Residential, Office, and Institutional - Tou rist Development ROI-VR Residential, Office, and Institutional -…
Market overview
Demographics & Economy
Destin, FL has 26,247 residents in 31,299 households. Density runs 1,343 people per square mile. Median household income here is $93,978 and median gross rent $2,015 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Miramar Beach | $246 | $30.16 |
| Fort Walton Beach | $191 | $13.09 |
| Mary Esther | $176 | $18.18 |
Commercial property in Destin, FL asks $225/SF. The 3 bordering markets run from $176/SF in Mary Esther to $246/SF in Miramar Beach, and the city sits above their $191/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Destin?
How much does it cost to lease commercial space in Destin?
How does Destin compare to nearby markets on price?
Where does Realmo's Destin market data come from?
Methodology & data sources
- Asking prices and medians
- There are 61 active for-sale and 105 active for-lease listings in Destin, FL. The medians are based on 11 of the for-sale and 67 of the for-lease listings, those that state a price or rent per square foot. 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: 4,063 zoned acres across 28 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 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 October 2026 · How Realmo checks market page data · Report a data issue
