Commercial Real Estate Market in Hernando, FL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
177 active listings and 343 off-market properties in Hernando, FL. Commercial property asks $175/SF to buy and $75.83/SF/Yr to lease.
Market Trends
Hernando, FL spans 36.4 square miles in Citrus County, Florida. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Hernando, FL asks $238/SF to buy. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Retail
Retail vacancy in Hernando, FL runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Hernando, 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 Hernando, FL asks $228/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
Market overview
Demographics & Economy
Hernando, FL has 16,759 residents in 9,852 households. Density runs 460 people per square mile. Median household income here is $55,473 and median gross rent $965 a month.
16,759
Population
9,852
Households
1.7
Avg Household Size
63
Median Age
27%
College-Educated
95%
High-School Grad
36.4 sq mi
ZIP Area
460
Density / Sq Mi
$55,473
Median Household Income
$36,864
Median Earnings
$965
Median Rent
$295,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Holder | — | — |
| Citrus Hills | — | — |
| Beverly Hills | — | — |
| Pine Ridge | — | — |
Commercial property in Hernando, FL asks $175/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Hernando?
Commercial property in Hernando, FL asks an average of $175 per square foot. Office carries the highest asking price at $238/SF.
How much does it cost to lease commercial space in Hernando?
Asking lease rates in Hernando, FL average $75.83 per square foot per year.
Where does Realmo's Hernando market data come from?
Realmo compiles Hernando, FL figures from 4 recent recorded sales, 173 active sale listings, 4 active lease listings, 343 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 173 active for-sale and 4 active for-lease listings in Hernando, 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 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
