Commercial Real Estate Market in Tallahassee, FL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
443 active listings and 7,120 off-market properties in Tallahassee, FL. Commercial property asks $158/SF to buy and $18.00/SF/Yr to lease.
Market Trends
Tallahassee, FL spans 572.7 square miles in Leon County, Florida. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Tallahassee, FL has a median asking sale price of $198/SF. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail space in Tallahassee, FL has a median asking sale price of $223/SF. Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial vacancy in Tallahassee, FL runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Multifamily
Multifamily space in Tallahassee, FL has a median asking sale price of $150/SF. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 34%
- Planned_development 19.4%
- Civic 8.4%
- Open space 8.2%
- Agricultural 7.1%
- Industrial 6.6%
- Commercial 5.8%
- Special 0.1%
- Mixed use 0%
Largest Zones share of zoned land by district
The OS district is intended to provide areas within the community for the resource conservation and passive or active recreational facility needs of the community
Market overview
Demographics & Economy
Tallahassee, FL has 292,198 residents in 135,921 households. Density runs 510 people per square mile. Median household income here is $70,519 and median gross rent $1,281 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Tallahassee?
How much does it cost to lease commercial space in Tallahassee?
Where does Realmo's Tallahassee market data come from?
Methodology & data sources
- Asking prices and medians
- There are 265 active for-sale and 178 active for-lease listings in Tallahassee, FL. The medians are based on 92 of the for-sale and 53 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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: 67,632 zoned acres across 159 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
