Commercial Real Estate Market in Oviedo, FL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
84 active listings and 887 off-market properties in Oviedo, FL. Commercial property asks $384/SF to buy and $19.05/SF/Yr to lease.
Market Trends
Oviedo, FL spans 82.9 square miles in Seminole County, Florida. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Oviedo, FL has a median asking sale price of $380/SF. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail space in Oviedo, FL has a median asking sale price of $410/SF (based on 3 listings). Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial vacancy in Oviedo, 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 Oviedo, 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
- Planned_development 56.3%
- Residential 18%
- Commercial 9.7%
- Civic 6.6%
- Industrial 1.6%
- Agricultural 1.2%
Largest Zones share of zoned land by district
The R-1 districts are single-family residential districts that permit low to medium density development generally in areas with complete urban services. In areas without central sewer, these districts are only permitted where soils are appropriate for septic tanks.
Market overview
Demographics & Economy
Oviedo, FL has 81,769 residents in 28,412 households. Density runs 987 people per square mile. Median household income here is $108,680 and median gross rent $1,927 a month.
Tools
Lease vs Buy Breakeven
At $19.05/SF/Yr lease vs $384/SF buy → buying wins if held > 10.4 years.
At a 5% 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 | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Winter Springs | $203 | $23.36 |
| Longwood | $226 | $20.00 |
| Casselberry | $242 | $13.50 |
Commercial property in Oviedo, FL asks $384/SF. The 3 bordering markets run from $203/SF in Winter Springs to $242/SF in Casselberry, and the city sits above their $226/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Oviedo?
How much does it cost to lease commercial space in Oviedo?
Is it cheaper to lease or buy commercial space in Oviedo?
How does Oviedo compare to nearby markets on price?
Where does Realmo's Oviedo market data come from?
Methodology & data sources
- Asking prices and medians
- There are 31 active for-sale and 53 active for-lease listings in Oviedo, FL. The medians are based on 18 of the for-sale and 14 of the for-lease listings, those that state a price or 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: 9,234 zoned acres across 22 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
