Commercial Real Estate Market in West Melbourne, FL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
17 active listings and 530 off-market properties in West Melbourne, FL. Commercial property asks $278/SF to buy and $12.03/SF/Yr to lease.
Market Trends
West Melbourne, FL spans 217.1 square miles in Brevard County, Florida. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in West Melbourne, FL asks $316/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 West Melbourne, FL asks $316/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 West Melbourne, 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 West Melbourne, FL asks $255/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
West Melbourne, FL has 35,399 residents in 15,117 households. Density runs 163 people per square mile. Median household income here is $86,943 and median gross rent $1,763 a month.
35,399
Population
15,117
Households
2.3
Avg Household Size
44
Median Age
40%
College-Educated
94%
High-School Grad
217.1 sq mi
ZIP Area
163
Density / Sq Mi
$86,943
Median Household Income
$42,451
Median Earnings
$1,763
Median Rent
$334,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| W Melbourne | $278 (county avg) | $12.03 |
| Melbourne | $278 (county avg) | $19.83 |
| Indialantic | $278 (county avg) | $19.00 |
Commercial property in West Melbourne, FL asks $278/SF. The 3 bordering markets run from $278/SF in W Melbourne to $278/SF in W Melbourne, and the city sits in line with their $278/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in West Melbourne?
Commercial property in West Melbourne, FL asks an average of $278 per square foot. The 7 most recent recorded sales traded at a median of $187/SF, so asking sits 49% above the achieved median. Office carries the highest asking price at $316/SF.
How much does it cost to lease commercial space in West Melbourne?
Asking lease rates in West Melbourne, FL average $12.03 per square foot per year.
How does West Melbourne compare to nearby markets on price?
West Melbourne, FL asks $278/SF against $278/SF in W Melbourne, $278/SF in Melbourne and $278/SF in Indialantic.
Where does Realmo's West Melbourne market data come from?
Realmo compiles West Melbourne, FL figures from 7 recent recorded sales, 7 active sale listings, 10 active lease listings, 530 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 7 active for-sale and 10 active for-lease listings in West Melbourne, 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.
- Price per square foot
- The county-level $/SF blends closed sales aggregated over the trailing months of available data, not a single day's snapshot — it can differ from any one month's own median.
- 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
