Commercial Real Estate Market in Meridian, MS
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
105 active listings and 1,825 off-market properties in Meridian, MS. Commercial property asks $3/SF to buy and $11.00/SF/Yr to lease.
Market Trends
Meridian, MS spans 459.9 square miles in Lauderdale County, Mississippi. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Meridian, MS runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Meridian, MS runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Meridian, 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 space in Meridian, MS asks $56/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
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 55.3%
- Civic 18.2%
- Commercial 14.3%
- Industrial 12.2%
- Planned_development 0.1%
Largest Zones share of zoned land by district
Single Family Residential District
Agricultural District
Public Use District
Industrial District
Regional Business District
Meridian, MS zones 35,059 acres across 12 districts. Commercial zoning covers 14.3% of zoned land, residential 55.3% and industrial 12.2%. The largest single district is Single Family Residential District at 25.6%. For commercial buyers the practical constraint is that only 26.5% of land carries a commercial or industrial designation.
Single Family Residential District (R1)
The purpose of R1 District is for single family dwellings and related recreational, religious and educational facilities normally required to provide the basic elements of a balanced and attractive residential area
Market overview
Demographics & Economy
Meridian, MS has 59,740 residents in 27,960 households. Density runs 130 people per square mile. Median household income here is $46,100 and median gross rent $910 a month.
59,740
Population
27,960
Households
2.1
Avg Household Size
39
Median Age
21%
College-Educated
83%
High-School Grad
459.9 sq mi
ZIP Area
130
Density / Sq Mi
$46,100
Median Household Income
$33,200
Median Earnings
$910
Median Rent
$125,195
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Marion | — | — |
| Russell | — | — |
| Bailey | — | — |
| Collinsville | — | — |
Commercial property in Meridian, MS asks $3/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Meridian?
Commercial property in Meridian, MS asks an average of $3 per square foot. Multifamily carries the highest asking price at $56/SF.
How much does it cost to lease commercial space in Meridian?
Asking lease rates in Meridian, MS average $11.00 per square foot per year.
What zoning applies to commercial property in Meridian?
Meridian, MS zones 35,059 acres across 12 districts, of which 14.3% is commercial and 12.2% industrial. The largest single district is Single Family Residential District at 25.6% of zoned land. The purpose of R1 District is for single family dwellings and related recreational, religious and educational facilities normally required to provide the basic elements of a balanced and attractive residential area Residential zoning covers 55.3% and open space 0%.
Where does Realmo's Meridian market data come from?
Realmo compiles Meridian, MS figures from 91 active sale listings, 14 active lease listings, 1,825 tracked off-market properties, the current Meridian zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 91 active for-sale and 14 active for-lease listings in Meridian, 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: 35,059 zoned acres across 12 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
