Commercial Real Estate Market in Palatka, FL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
228 active listings and 1,163 off-market properties in Palatka, FL. Commercial property asks $20/SF to buy and $18.18/SF/Yr to lease.
Market Trends
Palatka, FL spans 494.6 square miles in Putnam County, Florida. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Palatka, 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 Palatka, FL runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Palatka, 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 Palatka, 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
- Civic 36.5%
- Industrial 21%
- Commercial 15.1%
- Special 11.7%
- Planned_development 11.3%
- Open space 0.7%
- Residential 0.4%
Largest Zones share of zoned land by district
Planned Industrial Development And Industrial Light
Residential Multi Family
Airport Zoning
Commercial Intensive
Residential Single Family 3 Dwelling
Residential Multi Family (R-3)
The R-3 district is intended to provide for high density districts, with emphasis on multiple-family use. Parcels in this district are situated so that they are well served by public and commercial services and have convenient access to thoroughfares and collector streets. In addition to high density residential uses, the district permits professional and in…
Market overview
Demographics & Economy
Palatka, FL has 33,318 residents in 17,220 households. Density runs 67 people per square mile. Median household income here is $47,234 and median gross rent $869 a month.
33,318
Population
17,220
Households
1.9
Avg Household Size
46
Median Age
12%
College-Educated
85%
High-School Grad
494.6 sq mi
ZIP Area
67
Density / Sq Mi
$47,234
Median Household Income
$33,937
Median Earnings
$869
Median Rent
$155,631
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| East Palatka | — | $11.18 |
| San Mateo | — | — |
| Satsuma | — | — |
| Bostwick | — | — |
Commercial property in Palatka, FL asks $20/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Palatka?
Commercial property in Palatka, FL asks an average of $20 per square foot. The 4 most recent recorded sales traded at a median of $444/SF.
How much does it cost to lease commercial space in Palatka?
Asking lease rates in Palatka, FL average $18.18 per square foot per year.
Where does Realmo's Palatka market data come from?
Realmo compiles Palatka, FL figures from 8 recent recorded sales, 205 active sale listings, 23 active lease listings, 1,163 tracked off-market properties, the current Palatka zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 205 active for-sale and 23 active for-lease listings in Palatka, 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: 5,789 zoned acres across 32 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
