Commercial Real Estate Market in Pace, FL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
121 active listings and 534 off-market properties in Pace, FL. Commercial property asks $18/SF to buy and $17.00/SF/Yr to lease.
Market Trends
Pace, FL spans 112.6 square miles in Santa Rosa County, Florida. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Pace, 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 Pace, FL runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Pace, 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 Pace, FL runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Market overview
Demographics & Economy
Pace, FL has 38,885 residents in 15,041 households. Density runs 345 people per square mile. Median household income here is $89,137 and median gross rent $1,186 a month.
38,885
Population
15,041
Households
2.6
Avg Household Size
39
Median Age
33%
College-Educated
93%
High-School Grad
112.6 sq mi
ZIP Area
345
Density / Sq Mi
$89,137
Median Household Income
$46,400
Median Earnings
$1,186
Median Rent
$281,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Milton | — | $18.10 |
| Bagdad | — | — |
| Gonzalez | — | — |
| Brent | — | — |
Commercial property in Pace, FL asks $18/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Pace?
Commercial property in Pace, FL asks an average of $18 per square foot. The 5 most recent recorded sales traded at a median of $225/SF.
How much does it cost to lease commercial space in Pace?
Asking lease rates in Pace, FL average $17.00 per square foot per year.
Where does Realmo's Pace market data come from?
Realmo compiles Pace, FL figures from 6 recent recorded sales, 115 active sale listings, 6 active lease listings, 534 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 115 active for-sale and 6 active for-lease listings in Pace, 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
