Commercial Real Estate Market in Madison, FL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
48 active listings and 354 off-market properties in Madison, FL. Commercial property asks $272/SF to buy and $17.00/SF/Yr to lease.
Market Trends
Madison, FL spans 208.5 square miles in Madison County, Florida. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Madison, 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 Madison, FL runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Madison, 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 Madison, FL runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 49.4%
- Agricultural 28.9%
- Commercial 15.6%
- Industrial 4.6%
Largest Zones share of zoned land by district
Agricultural
Residential Single Family
Residential Multiple Family
Commercial Intensive
Office Residential
Agricultural (A-1)
The "A" Agricultural category includes one zoning district: A-1. Lands in this district are intended to provide for areas primarily consisting of agricultural and residential uses consistent with the areas as designated agriculture within the City's Comprehensive Plan. 4.3.2 PERMITTED PRINCIPAL USES AND STRUCTURES 1. Agricultural activities involving the pro…
Market overview
Demographics & Economy
Madison, FL has 10,744 residents in 4,567 households. Density runs 52 people per square mile. Median household income here is $43,393 and median gross rent $814 a month.
10,744
Population
4,567
Households
2.4
Avg Household Size
45
Median Age
13%
College-Educated
81%
High-School Grad
208.5 sq mi
ZIP Area
52
Density / Sq Mi
$43,393
Median Household Income
$32,937
Median Earnings
$814
Median Rent
$115,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Lee | — | — |
| Pinetta | — | — |
| Greenville | — | — |
| Clyattville | — | — |
Commercial property in Madison, FL asks $272/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Madison?
Commercial property in Madison, FL asks an average of $272 per square foot. The 6 most recent recorded sales traded at a median of $51/SF, so asking sits 435% above the achieved median.
How much does it cost to lease commercial space in Madison?
Asking lease rates in Madison, FL average $17.00 per square foot per year.
Where does Realmo's Madison market data come from?
Realmo compiles Madison, FL figures from 6 recent recorded sales, 46 active sale listings, 2 active lease listings, 354 tracked off-market properties, the current Madison zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 46 active for-sale and 2 active for-lease listings in Madison, 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.
- Zoning and land use
- The current municipal zoning release: 1,812 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 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
