Commercial Real Estate Market in Mary Esther, FL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
62 active listings and 321 off-market properties in Mary Esther, FL. Commercial property asks $63/SF to buy and $18.03/SF/Yr to lease.
Market Trends
Mary Esther, FL spans 4.2 square miles in Okaloosa County, Florida. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Mary Esther, 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 Mary Esther, FL runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Mary Esther, 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 Mary Esther, 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
Mary Esther, FL has 12,378 residents in 5,795 households. Density runs 2,980 people per square mile. Median household income here is $73,762 and median gross rent $1,456 a month.
12,378
Population
5,795
Households
2.1
Avg Household Size
38
Median Age
40%
College-Educated
95%
High-School Grad
4.2 sq mi
ZIP Area
2,980
Density / Sq Mi
$73,762
Median Household Income
$43,832
Median Earnings
$1,456
Median Rent
$296,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Hurlburt Field | — | — |
| Fort Walton Beach | — | $12.10 |
| Shalimar | — | $15.31 |
| Eglin | — | — |
Commercial property in Mary Esther, FL asks $63/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Mary Esther?
Commercial property in Mary Esther, FL asks an average of $63 per square foot. The 4 most recent recorded sales traded at a median of $216/SF.
How much does it cost to lease commercial space in Mary Esther?
Asking lease rates in Mary Esther, FL average $18.03 per square foot per year.
Where does Realmo's Mary Esther market data come from?
Realmo compiles Mary Esther, FL figures from 6 recent recorded sales, 37 active sale listings, 25 active lease listings, 321 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 37 active for-sale and 25 active for-lease listings in Mary Esther, 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
