Commercial Real Estate Market in Saint Augustine, FL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
704 active listings and 3,450 off-market properties in Saint Augustine, FL. Commercial property asks $242/SF to buy and $21.22/SF/Yr to lease.
Market Trends
Saint Augustine, FL spans 308.0 square miles in St. Johns County, Florida. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Saint Augustine, FL runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail space in Saint Augustine, FL asks $265/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 Saint Augustine, 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 Saint Augustine, 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
Saint Augustine, FL has 148,165 residents in 75,593 households. Density runs 481 people per square mile. Median household income here is $96,422 and median gross rent $1,717 a month.
148,165
Population
75,593
Households
2
Avg Household Size
45
Median Age
42%
College-Educated
93%
High-School Grad
308 sq mi
ZIP Area
481
Density / Sq Mi
$96,422
Median Household Income
$48,075
Median Earnings
$1,717
Median Rent
$406,338
Median Home Value
Tools
Lease vs Buy Breakeven
At $21.22/SF/Yr lease vs $242/SF buy → buying wins if held > 1.8 years.
At a 8.8% 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 | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Saint Augustine Beach | — | — |
| Elkton | — | — |
| Armstrong | — | — |
| Ponte Vedra Beach | — | $38.33 |
Commercial property in Saint Augustine, FL asks $242/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Saint Augustine?
Commercial property in Saint Augustine, FL asks an average of $242 per square foot. The 6 most recent recorded sales traded at a median of $469/SF. Retail carries the highest asking price at $265/SF.
How much does it cost to lease commercial space in Saint Augustine?
Asking lease rates in Saint Augustine, FL average $21.22 per square foot per year.
Is it cheaper to lease or buy commercial space in Saint Augustine?
Buying beats leasing in Saint Augustine, FL if the property is held longer than 1.8 years, comparing $21.22/SF/Yr asking rent with $242/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
Where does Realmo's Saint Augustine market data come from?
Realmo compiles Saint Augustine, FL figures from 8 recent recorded sales, 621 active sale listings, 83 active lease listings, 3,450 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 621 active for-sale and 83 active for-lease listings in Saint Augustine, 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
