Commercial Real Estate Market in Southaven, MS
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
126 active listings and 573 off-market properties in Southaven, MS. Commercial property asks $23/SF to buy and $18.76/SF/Yr to lease.
Market Trends
Southaven, MS spans 35.2 square miles in DeSoto County, Mississippi. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Southaven, MS runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail space in Southaven, MS asks $298/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 Southaven, 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 Southaven, 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%
- Planned_development 28.9%
- Commercial 14.1%
- Industrial 3.8%
- Civic 0.2%
- Mixed use 0.1%
Largest Zones share of zoned land by district
Agricultural
Planned Unit Development
Single Family Medium Density Residential
Planned Business Park
Planned Commercial
Planned Unit Development (PUD)
The purpose of the planned unit development district is to provide for the development of planned total communities that provide a full range of residential types as well as certain commercial and office uses designed to serve the inhabitants of the districts consistent with the comprehensive plan
Market overview
Demographics & Economy
Southaven, MS has 51,939 residents in 21,564 households. Density runs 1,474 people per square mile. Median household income here is $76,688 and median gross rent $1,587 a month.
51,939
Population
21,564
Households
2.4
Avg Household Size
37
Median Age
26%
College-Educated
93%
High-School Grad
35.2 sq mi
ZIP Area
1,474
Density / Sq Mi
$76,688
Median Household Income
$44,674
Median Earnings
$1,587
Median Rent
$211,216
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Horn Lake | — | $18.09 |
| Memphis | — | $16.08 |
| Days | — | — |
| West Days | — | — |
Commercial property in Southaven, MS asks $23/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Southaven?
Commercial property in Southaven, MS asks an average of $23 per square foot. Retail carries the highest asking price at $298/SF.
How much does it cost to lease commercial space in Southaven?
Asking lease rates in Southaven, MS average $18.76 per square foot per year.
Where does Realmo's Southaven market data come from?
Realmo compiles Southaven, MS figures from 92 active sale listings, 34 active lease listings, 573 tracked off-market properties, the current Southaven zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 92 active for-sale and 34 active for-lease listings in Southaven, 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: 26,192 zoned acres across 23 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
