Commercial Real Estate Market in Melbourne, FL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
562 active listings and 4,341 off-market properties in Melbourne, FL. Commercial property asks $278/SF to buy and $19.83/SF/Yr to lease.
Market Trends
Melbourne, FL spans 445.3 square miles in Brevard County, Florida. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Melbourne, FL asks $25.62/SF/Yr to lease and $316/SF to buy. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail space in Melbourne, FL asks $316/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 Melbourne, 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 Melbourne, FL asks $255/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
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 59.5%
- Industrial 17.9%
- Commercial 11%
- Civic 8.8%
- Planned_development 2.8%
Largest Zones share of zoned land by district
Agricultural Estate Use
Light Industrial
Single Family Low Density Residential
Institutional
One Two And Multiple Family Dwelling Medium Density
Melbourne, FL zones 25,392 acres across 25 districts. Commercial zoning covers 11% of zoned land, residential 59.5% and industrial 17.9%. The largest single district is Agricultural Estate Use at 24.7%. For commercial buyers the practical constraint is that only 28.8% of land carries a commercial or industrial designation.
Agricultural Estate Use (AEU)
The AEU agricultural estate district encompasses lands devoted to agricultural pursuits and single family residential development of spacious character.
Market overview
Demographics & Economy
Melbourne, FL has 341,162 residents in 156,738 households. Density runs 766 people per square mile. Median household income here is $80,075 and median gross rent $1,633 a month.
341,162
Population
156,738
Households
2.2
Avg Household Size
46
Median Age
35%
College-Educated
93%
High-School Grad
445.3 sq mi
ZIP Area
766
Density / Sq Mi
$80,075
Median Household Income
$42,986
Median Earnings
$1,633
Median Rent
$321,379
Median Home Value
Tools
Lease vs Buy Breakeven
At $19.83/SF/Yr lease vs $278/SF buy → buying wins if held > 3 years.
The comparison uses county-wide sale comps against Melbourne asking rents, so the implied 7.1% gross yield is computed off asking rents rather than a closed-deal cap-rate benchmark. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| West Melbourne | $278 (county avg) | $12.03 |
| Melbourne Beach | $278 (county avg) | $2.60 |
| Indialantic | $278 (county avg) | $19.00 |
Commercial property in Melbourne, FL asks $278/SF. The 3 bordering markets run from $278/SF in West Melbourne to $278/SF in West Melbourne, and the city sits in line with their $278/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in Melbourne?
Commercial property in Melbourne, FL asks an average of $278 per square foot. The 5 most recent recorded sales traded at a median of $260/SF, so asking sits 7% above the achieved median. Office carries the highest asking price at $316/SF.
How much does it cost to lease commercial space in Melbourne?
Asking lease rates in Melbourne, FL average $19.83 per square foot per year. Office asks $25.62/SF/Yr as of Q2 26, up from $19.61/SF/Yr in Q1 26.
Is it cheaper to lease or buy commercial space in Melbourne?
Buying beats leasing in Melbourne, FL if the property is held longer than 3.0 years, comparing $19.83/SF/Yr asking rent with $278/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
How does Melbourne compare to nearby markets on price?
Melbourne, FL asks $278/SF against $278/SF in West Melbourne, $278/SF in Melbourne Beach and $278/SF in Indialantic.
What zoning applies to commercial property in Melbourne?
Melbourne, FL zones 25,392 acres across 25 districts, of which 11% is commercial and 17.9% industrial. The largest single district is Agricultural Estate Use at 24.7% of zoned land. The AEU agricultural estate district encompasses lands devoted to agricultural pursuits and single family residential development of spacious character. Residential zoning covers 59.5% and open space 0%.
Where does Realmo's Melbourne market data come from?
Realmo compiles Melbourne, FL figures from 8 recent recorded sales, 342 active sale listings, 220 active lease listings, 4,341 tracked off-market properties, the current Melbourne zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 342 active for-sale and 220 active for-lease listings in Melbourne, 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.
- Price per square foot
- The county-level $/SF blends closed sales aggregated over the trailing months of available data, not a single day's snapshot — it can differ from any one month's own median.
- 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: 25,392 zoned acres across 25 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 30 September 2026 — not today — is the honest last update.
- Known limitations
- the lease-vs-buy comparison mixes county-wide sale comps with city asking rents, 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
