Commercial Real Estate Market in Madison, MS
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
157 active listings and 549 off-market properties in Madison, MS. Commercial property asks $65/SF to buy and $19.68/SF/Yr to lease.
Market Trends
Madison, MS spans 74.3 square miles in Madison County, Mississippi. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Madison, MS asks $99/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 vacancy in Madison, MS runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Madison, MS 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 Madison, MS 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 52.5%
- Planned_development 25.9%
- Commercial 11.3%
- Agricultural 5.2%
- Special 2.8%
- Civic 1.5%
- Industrial 0.6%
Largest Zones share of zoned land by district
Residential Estate District
Planned Unit Development Residential Estate District
Single Family Residential District
Single Family Residential District
General Commercial District
Planned Unit Development Residential Estate District (PUD/RE-B)
The purpose of this district is To provide for the development of relatively large land areas as total cohesive and coordinated units, rather than development on a lot-by-lot basis and The purpose of this district is to provide for large lot, low-density residential development in areas where existing or programmed infrastructure cannot accommodate higher de…
Market overview
Demographics & Economy
Madison, MS has 48,474 residents in 18,305 households. Density runs 652 people per square mile. Median household income here is $122,955 and median gross rent $1,979 a month.
48,474
Population
18,305
Households
2.6
Avg Household Size
41
Median Age
64%
College-Educated
97%
High-School Grad
74.3 sq mi
ZIP Area
652
Density / Sq Mi
$122,955
Median Household Income
$62,071
Median Earnings
$1,979
Median Rent
$342,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Ridgeland | — | — |
| Gluckstadt | — | $15.46 |
| Errata | — | — |
| Pocahontas | — | — |
Commercial property in Madison, MS asks $65/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Madison?
Commercial property in Madison, MS asks an average of $65 per square foot. Office carries the highest asking price at $99/SF.
How much does it cost to lease commercial space in Madison?
Asking lease rates in Madison, MS average $19.68 per square foot per year.
Where does Realmo's Madison market data come from?
Realmo compiles Madison, MS figures from 129 active sale listings, 28 active lease listings, 549 tracked off-market properties, the current Madison zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 129 active for-sale and 28 active for-lease listings in Madison, MS. 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: 17,102 zoned acres across 25 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 August 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 August 2026 · report a data issue
