Commercial Real Estate Market in Key Largo, FL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
151 active listings and 436 off-market properties in Key Largo, FL. Commercial property asks $534/SF to buy and $66.39/SF/Yr to lease.
Market Trends
Key Largo, FL spans 32.9 square miles in Monroe County, Florida. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Key Largo, FL asks $513/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 space in Key Largo, FL asks $651/SF to buy. Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Industrial
Industrial vacancy in Key Largo, 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 Key Largo, FL asks $723/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
Key Largo, FL has 13,875 residents in 10,494 households. Density runs 422 people per square mile. Median household income here is $80,911 and median gross rent $1,896 a month.
13,875
Population
10,494
Households
1.3
Avg Household Size
53
Median Age
41%
College-Educated
95%
High-School Grad
32.9 sq mi
ZIP Area
422
Density / Sq Mi
$80,911
Median Household Income
$40,641
Median Earnings
$1,896
Median Rent
$660,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Islamorada | — | — |
| Tavernier | — | — |
Commercial property in Key Largo, FL asks $534/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Key Largo?
Commercial property in Key Largo, FL asks an average of $534 per square foot. The 5 most recent recorded sales traded at a median of $610/SF. Multifamily carries the highest asking price at $723/SF.
How much does it cost to lease commercial space in Key Largo?
Asking lease rates in Key Largo, FL average $66.39 per square foot per year.
Where does Realmo's Key Largo market data come from?
Realmo compiles Key Largo, FL figures from 8 recent recorded sales, 141 active sale listings, 10 active lease listings, 436 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 141 active for-sale and 10 active for-lease listings in Key Largo, 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 30 September 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 30 September 2026 · report a data issue
