Commercial Real Estate Market in Sebastian, FL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
150 active listings and 1,206 off-market properties in Sebastian, FL. Commercial property asks $81/SF to buy and $21.24/SF/Yr to lease.
Market Trends
Sebastian, FL spans 52.1 square miles in Indian River County, Florida. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Sebastian, 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 Sebastian, FL runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Sebastian, 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 Sebastian, 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
- Residential 44.2%
- Agricultural 21.3%
- Open space 13.3%
- Planned_development 10.6%
- Industrial 6.5%
- Commercial 2.7%
- Civic 1.6%
Largest Zones share of zoned land by district
Single Family Residential
County Agricultural
Residential Planned Unit Development
Public Service
Conservation
Single Family Residential (RS-10)
PS (Public Service) - Requested Zoning RS-10 (Single Family Residential, 1du/10,000 ft2). B. Public Hearing - Recommendation to City Council - Rezoning - Indian River County Habitat for Humanity, Applicant - Subject Parcel is 2.93 Acres, More or Less -- Located North of Concha Dr ive, West of Ocean Cove St reet, East and South of Horizon Terr ace - Current Z…
Market overview
Demographics & Economy
Sebastian, FL has 38,237 residents in 22,462 households. Density runs 733 people per square mile. Median household income here is $63,063 and median gross rent $1,376 a month.
38,237
Population
22,462
Households
1.7
Avg Household Size
61
Median Age
26%
College-Educated
92%
High-School Grad
52.1 sq mi
ZIP Area
733
Density / Sq Mi
$63,063
Median Household Income
$36,457
Median Earnings
$1,376
Median Rent
$248,840
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Sebastian?
Commercial property in Sebastian, FL asks an average of $81 per square foot. The 6 most recent recorded sales traded at a median of $198/SF.
How much does it cost to lease commercial space in Sebastian?
Asking lease rates in Sebastian, FL average $21.24 per square foot per year.
Where does Realmo's Sebastian market data come from?
Realmo compiles Sebastian, FL figures from 7 recent recorded sales, 136 active sale listings, 14 active lease listings, 1,206 tracked off-market properties, the current Sebastian zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 136 active for-sale and 14 active for-lease listings in Sebastian, 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: 9,522 zoned acres across 19 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 · report a data issue
