Commercial Real Estate Market in Miramar Beach, FL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
121 active listings and 367 off-market properties in Miramar Beach, FL. Commercial property asks $263/SF to buy and $34.18/SF/Yr to lease.
Market Trends
Miramar Beach, FL spans 7.0 square miles in Walton County, Florida. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Miramar Beach, 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 Miramar Beach, FL runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Miramar Beach, 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 Miramar Beach, FL asks $314/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
Miramar Beach, FL has 7,828 residents in 14,909 households. Density runs 1,120 people per square mile. Median household income here is $96,269 and median gross rent $2,108 a month.
7,828
Population
14,909
Households
0.5
Avg Household Size
58
Median Age
55%
College-Educated
98%
High-School Grad
7 sq mi
ZIP Area
1,120
Density / Sq Mi
$96,269
Median Household Income
$60,634
Median Earnings
$2,108
Median Rent
$679,800
Median Home Value
Tools
Lease vs Buy Breakeven
At $34.18/SF/Yr lease vs $263/SF buy → buying wins if held > 0.9 years.
At a 13% gross asking yield the payback reads short relative to leasing. 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 |
|---|---|---|
| Sandestin | — | — |
| Choctaw Beach | — | — |
| Destin | — | $24.22 |
| Santa Rosa Beach | — | $25.05 |
Commercial property in Miramar Beach, FL asks $263/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Miramar Beach?
Commercial property in Miramar Beach, FL asks an average of $263 per square foot. Multifamily carries the highest asking price at $314/SF.
How much does it cost to lease commercial space in Miramar Beach?
Asking lease rates in Miramar Beach, FL average $34.18 per square foot per year.
Is it cheaper to lease or buy commercial space in Miramar Beach?
Buying beats leasing in Miramar Beach, FL if the property is held longer than 0.9 years, comparing $34.18/SF/Yr asking rent with $263/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.
Where does Realmo's Miramar Beach market data come from?
Realmo compiles Miramar Beach, FL figures from 7 recent recorded sales, 90 active sale listings, 31 active lease listings, 367 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 90 active for-sale and 31 active for-lease listings in Miramar Beach, 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
