Commercial Real Estate Market in Ocean Springs, MS
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
235 active listings and 921 off-market properties in Ocean Springs, MS. Commercial property asks $55/SF to buy and $15.62/SF/Yr to lease.
Market Trends
Ocean Springs, MS spans 327.8 square miles in Jackson County, Mississippi. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Ocean Springs, MS asks $76/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 Ocean Springs, MS asks $103/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 Ocean Springs, 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 Ocean Springs, MS asks $102/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
Ocean Springs, MS has 62,511 residents in 26,640 households. Density runs 191 people per square mile. Median household income here is $80,532 and median gross rent $1,249 a month.
62,511
Population
26,640
Households
2.3
Avg Household Size
40
Median Age
35%
College-Educated
94%
High-School Grad
327.8 sq mi
ZIP Area
191
Density / Sq Mi
$80,532
Median Household Income
$43,847
Median Earnings
$1,249
Median Rent
$215,048
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Latimer | — | — |
| Gulf Hills | — | — |
| Saint Martin | — | — |
| Biloxi | — | $19.30 |
Commercial property in Ocean Springs, MS asks $55/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Ocean Springs?
Commercial property in Ocean Springs, MS asks an average of $55 per square foot. Retail carries the highest asking price at $103/SF.
How much does it cost to lease commercial space in Ocean Springs?
Asking lease rates in Ocean Springs, MS average $15.62 per square foot per year.
Where does Realmo's Ocean Springs market data come from?
Realmo compiles Ocean Springs, MS figures from 213 active sale listings, 22 active lease listings, 921 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 213 active for-sale and 22 active for-lease listings in Ocean Springs, 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.
- 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
