Commercial Real Estate Market in Mary Esther, FL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
54 active listings and 321 off-market properties in Mary Esther, FL. Commercial property asks $176/SF to buy (based on 6 listings) and $18.18/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 October 2026.
Office
Office vacancy in Mary Esther, FL runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail space in Mary Esther, FL has a median asking sale price of $560/SF (based on 3 listings). Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
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%.
Multifamily
Multifamily vacancy in Mary Esther, FL runs 11.3% across the South region in 2025, up from 8.5% in 2022.
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.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Fort Walton Beach | $191 | $13.09 |
| Destin | $225 | $23.00 |
| Miramar Beach | $246 | $30.16 |
Commercial property in Mary Esther, FL asks $176/SF. The 3 bordering markets run from $191/SF in Fort Walton Beach to $246/SF in Miramar Beach, and the city sits below their $225/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Mary Esther?
How much does it cost to lease commercial space in Mary Esther?
How does Mary Esther compare to nearby markets on price?
Where does Realmo's Mary Esther market data come from?
Methodology & data sources
- Asking prices and medians
- There are 22 active for-sale and 32 active for-lease listings in Mary Esther, FL. The medians are based on 6 of the for-sale and 15 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
