Commercial Real Estate Market in Merritt Island, FL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
67 active listings and 1,025 off-market properties in Merritt Island, FL. Commercial property asks $278/SF to buy and $13.76/SF/Yr to lease.
Market Trends
Merritt Island, FL spans 52.1 square miles in Brevard County, Florida. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Merritt Island, FL asks $316/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 Merritt Island, 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 Merritt Island, 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 Merritt Island, 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
Market overview
Demographics & Economy
Merritt Island, FL has 45,100 residents in 21,674 households. Density runs 866 people per square mile. Median household income here is $90,849 and median gross rent $1,324 a month.
45,100
Population
21,674
Households
2.1
Avg Household Size
52
Median Age
40%
College-Educated
96%
High-School Grad
52.1 sq mi
ZIP Area
866
Density / Sq Mi
$90,849
Median Household Income
$47,008
Median Earnings
$1,324
Median Rent
$398,746
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Cocoa Beach | $278 (county avg) | $27.86 |
| Rockledge | $278 (county avg) | $15.36 |
| Cocoa | $278 (county avg) | $14.65 |
| Cape Canaveral | $278 (county avg) | $26.20 |
Commercial property in Merritt Island, FL asks $278/SF. The 4 bordering markets run from $278/SF in Cocoa Beach to $278/SF in Cocoa Beach, 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 Merritt Island?
Commercial property in Merritt Island, FL asks an average of $278 per square foot. The 5 most recent recorded sales traded at a median of $182/SF, so asking sits 53% above the achieved median. Office carries the highest asking price at $316/SF.
How much does it cost to lease commercial space in Merritt Island?
Asking lease rates in Merritt Island, FL average $13.76 per square foot per year.
How does Merritt Island compare to nearby markets on price?
Merritt Island, FL asks $278/SF against $278/SF in Cocoa Beach, $278/SF in Rockledge, $278/SF in Cocoa and $278/SF in Cape Canaveral.
Where does Realmo's Merritt Island market data come from?
Realmo compiles Merritt Island, FL figures from 5 recent recorded sales, 46 active sale listings, 21 active lease listings, 1,025 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 46 active for-sale and 21 active for-lease listings in Merritt Island, 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.
- 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
