Commercial Real Estate Market in Palmetto, FL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
165 active listings and 871 off-market properties in Palmetto, FL. Commercial property asks $94/SF to buy and $15.41/SF/Yr to lease.
Market Trends
Palmetto, FL spans 53.9 square miles in Manatee County, Florida. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Palmetto, FL asks $278/SF to buy. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Retail
Retail space in Palmetto, FL asks $495/SF to buy. Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Industrial
Industrial vacancy in Palmetto, 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 space in Palmetto, FL asks $448/SF to buy. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 35.6%
- Planned_development 31.2%
- Commercial 13%
- Industrial 7.1%
Largest Zones share of zoned land by district
Planned Development Multi Use
Public
Planned Development Housing
Single Family Detached
Business Or Limited Commercial
Market overview
Demographics & Economy
Palmetto, FL has 48,082 residents in 24,812 households. Density runs 892 people per square mile. Median household income here is $74,314 and median gross rent $1,459 a month.
48,082
Population
24,812
Households
1.9
Avg Household Size
45
Median Age
28%
College-Educated
91%
High-School Grad
53.9 sq mi
ZIP Area
892
Density / Sq Mi
$74,314
Median Household Income
$40,072
Median Earnings
$1,459
Median Rent
$298,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Lakewood Ranch | — | — |
| Holmes Beach | — | — |
Commercial property in Palmetto, FL asks $94/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Palmetto?
Commercial property in Palmetto, FL asks an average of $94 per square foot. Retail carries the highest asking price at $495/SF.
How much does it cost to lease commercial space in Palmetto?
Asking lease rates in Palmetto, FL average $15.41 per square foot per year.
Where does Realmo's Palmetto market data come from?
Realmo compiles Palmetto, FL figures from 7 recent recorded sales, 154 active sale listings, 11 active lease listings, 871 tracked off-market properties, the current Palmetto zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 154 active for-sale and 11 active for-lease listings in Palmetto, 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: 2,799 zoned acres across 16 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 30 September 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 30 September 2026 · How Realmo checks market page data · Report a data issue
