Commercial Real Estate Market in Vero Beach, FL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
612 active listings and 3,764 off-market properties in Vero Beach, FL. Commercial property asks $13/SF to buy and $25.95/SF/Yr to lease.
Market Trends
Vero Beach, FL spans 384.1 square miles in Indian River County, Florida. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Vero Beach, FL asks $33.04/SF/Yr to lease. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Average Lease Price $/SF/Yr
Listings
Vacancy Rate % in South region
Retail
Retail vacancy in Vero Beach, FL runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Vero Beach, 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 Vero Beach, 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
Vero Beach, FL has 124,339 residents in 67,514 households. Density runs 324 people per square mile. Median household income here is $77,355 and median gross rent $1,444 a month.
124,339
Population
67,514
Households
1.8
Avg Household Size
55
Median Age
35%
College-Educated
93%
High-School Grad
384.1 sq mi
ZIP Area
324
Density / Sq Mi
$77,355
Median Household Income
$41,353
Median Earnings
$1,444
Median Rent
$380,082
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Vero Beach?
Commercial property in Vero Beach, FL asks an average of $13 per square foot. The 7 most recent recorded sales traded at a median of $265/SF.
How much does it cost to lease commercial space in Vero Beach?
Asking lease rates in Vero Beach, FL average $25.95 per square foot per year. Office asks $33.04/SF/Yr as of Q2 26, up from $10.91/SF/Yr in Q1 26.
Where does Realmo's Vero Beach market data come from?
Realmo compiles Vero Beach, FL figures from 8 recent recorded sales, 460 active sale listings, 152 active lease listings, 3,764 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 460 active for-sale and 152 active for-lease listings in Vero Beach, 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 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
