Commercial Real Estate Market in Niceville, FL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
23 active listings and 654 off-market properties in Niceville, FL.
Market Trends
Niceville, FL spans 23.2 square miles in Okaloosa County, Florida. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Niceville, FL runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail vacancy in Niceville, FL runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial vacancy in Niceville, 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 Niceville, FL runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Open space 53.4%
- Residential 22.3%
- Planned_development 12.3%
- Civic 5.9%
- Commercial 5.4%
- Industrial 0.7%
Largest Zones share of zoned land by district
Niceville, FL zones 8,541 acres across 15 districts. Commercial zoning covers 5.4% of zoned land, residential 22.3%, open space 53.4% and industrial 0.7%. The largest single district is Conservation at 42.4%. For commercial buyers the practical constraint is that only 6.2% of land carries a commercial or industrial designation.
The conservation zoning district is intended to preserve and protect distinct areas of open space, vegetative habitat, natural drainage systems, aquifer recharge areas, soils, and wildlife habitats located on public property or on privately held lands as desired by the property owner.
Market overview
Demographics & Economy
Niceville, FL has 35,075 residents in 14,578 households. Density runs 1,514 people per square mile. Median household income here is $105,858 and median gross rent $1,744 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Destin | $225 | $23.00 |
| Fort Walton Beach | $191 | $13.09 |
| Miramar Beach | $246 | $30.16 |
| Mary Esther | $176 | $18.18 |
Frequently Asked Questions
How much does it cost to lease commercial space in Niceville?
What zoning applies to commercial property in Niceville?
Where does Realmo's Niceville market data come from?
Methodology & data sources
- Asking prices and medians
- There are 7 active for-sale and 16 active for-lease listings in Niceville, FL. Too few for-sale listings state a price per square foot for a sale median; the rent median is based on 5 of the for-lease listings that state a 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.
- Zoning and land use
- The current municipal zoning release: 8,541 zoned acres across 15 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 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
