Commercial Real Estate Market in Niceville, FL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
60 active listings and 655 off-market properties in Niceville, FL. Commercial property asks $202/SF to buy and $21.80/SF/Yr to lease.
Market Trends
Niceville, FL spans 23.2 square miles in Okaloosa County, Florida. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Niceville, 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 Niceville, FL runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
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%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Niceville, FL runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
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
Conservation
Single Family Residential
Community Planned Unit Development
Outdoor Recreational
Public Civic And Institutional
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.
Conservation (CON)
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.
35,075
Population
14,578
Households
2.4
Avg Household Size
42
Median Age
45%
College-Educated
97%
High-School Grad
23.2 sq mi
ZIP Area
1,514
Density / Sq Mi
$105,858
Median Household Income
$52,028
Median Earnings
$1,744
Median Rent
$414,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Valparaiso | — | $31.36 |
| Eglin | — | — |
| Shalimar | — | $15.31 |
| Choctaw Beach | — | — |
Commercial property in Niceville, FL asks $202/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Niceville?
Commercial property in Niceville, FL asks an average of $202 per square foot.
How much does it cost to lease commercial space in Niceville?
Asking lease rates in Niceville, FL average $21.80 per square foot per year.
What zoning applies to commercial property in Niceville?
Niceville, FL zones 8,541 acres across 15 districts, of which 5.4% is commercial and 0.7% industrial. The largest single district is Conservation at 42.4% of zoned land. 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. Residential zoning covers 22.3% and open space 53.4%.
Where does Realmo's Niceville market data come from?
Realmo compiles Niceville, FL figures from 4 recent recorded sales, 45 active sale listings, 15 active lease listings, 655 tracked off-market properties, the current Niceville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 45 active for-sale and 15 active for-lease listings in Niceville, 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.
- 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 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
