Commercial Real Estate Market in South Bay, FL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
17 active listings and 124 off-market properties in South Bay, FL. Commercial property asks $9,194/SF to buy and $46.67/SF/Yr to lease.
Market Trends
South Bay, FL spans 244.2 square miles in Palm Beach County, Florida. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in South Bay, FL asks $607/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 South Bay, FL asks $369/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 South Bay, 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 South Bay, FL asks $329/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
Market overview
Demographics & Economy
South Bay, FL has 5,129 residents in 907 households. Density runs 21 people per square mile. Median household income here is $52,404 and median gross rent $1,067 a month.
5,129
Population
907
Households
5.7
Avg Household Size
37
Median Age
8%
College-Educated
58%
High-School Grad
244.2 sq mi
ZIP Area
21
Density / Sq Mi
$52,404
Median Household Income
$23,815
Median Earnings
$1,067
Median Rent
$121,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Belle Glade | — | — |
| Clewiston | — | — |
Commercial property in South Bay, FL asks $9,194/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in South Bay?
Commercial property in South Bay, FL asks an average of $9,194 per square foot. The 3 most recent recorded sales traded at a median of $355/SF, so asking sits 2488% above the achieved median. Office carries the highest asking price at $607/SF.
How much does it cost to lease commercial space in South Bay?
Asking lease rates in South Bay, FL average $46.67 per square foot per year.
Where does Realmo's South Bay market data come from?
Realmo compiles South Bay, FL figures from 4 recent recorded sales, 13 active sale listings, 4 active lease listings, 124 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 13 active for-sale and 4 active for-lease listings in South Bay, 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 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, industrial vacancy is reported at South region level and asking prices run materially above recent closed pricing.
- 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
