Commercial Real Estate Market in Fort Walton Beach, FL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
268 active listings and 2,192 off-market properties in Fort Walton Beach, FL. Commercial property asks $232/SF to buy and $12.10/SF/Yr to lease.
Market Trends
Fort Walton Beach, FL spans 41.1 square miles in Okaloosa County, Florida. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Fort Walton Beach, 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 Fort Walton Beach, FL runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Fort Walton Beach, 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 vacancy in Fort Walton Beach, FL runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Market overview
Demographics & Economy
Fort Walton Beach, FL has 57,865 residents in 30,152 households. Density runs 1,409 people per square mile. Median household income here is $66,287 and median gross rent $1,367 a month.
57,865
Population
30,152
Households
1.9
Avg Household Size
38
Median Age
29%
College-Educated
90%
High-School Grad
41.1 sq mi
ZIP Area
1,409
Density / Sq Mi
$66,287
Median Household Income
$36,953
Median Earnings
$1,367
Median Rent
$296,148
Median Home Value
Tools
Lease vs Buy Breakeven
At $12.10/SF/Yr lease vs $232/SF buy → buying wins if held > 8.7 years.
At a 5.2% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Ft Walton Beach | — | $12.10 |
| Mary Esther | — | $18.03 |
| Shalimar | — | $15.31 |
| Hurlburt Field | — | — |
Commercial property in Fort Walton Beach, FL asks $232/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Fort Walton Beach?
Commercial property in Fort Walton Beach, FL asks an average of $232 per square foot. The 6 most recent recorded sales traded at a median of $103/SF, so asking sits 125% above the achieved median.
How much does it cost to lease commercial space in Fort Walton Beach?
Asking lease rates in Fort Walton Beach, FL average $12.10 per square foot per year.
Is it cheaper to lease or buy commercial space in Fort Walton Beach?
Buying beats leasing in Fort Walton Beach, FL if the property is held longer than 8.7 years, comparing $12.10/SF/Yr asking rent with $232/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
Where does Realmo's Fort Walton Beach market data come from?
Realmo compiles Fort Walton Beach, FL figures from 7 recent recorded sales, 136 active sale listings, 132 active lease listings, 2,192 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 136 active for-sale and 132 active for-lease listings in Fort Walton Beach, 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.
- 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, 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 August 2026 · report a data issue
