Melbourne, FL
Commercial Real Estate Market Trends & Data

$325 Avg asking sale price
$357 Avg asking lease rate
9,812 SF Avg unit lease size
12,595 SF Avg building size for sale
6.82% Average cap rate

Melbourne's Demographic Profile

Melbourne has 37,940 households and a median income of $56,540, providing context for rent absorption and tenant demand across retail and multifamily assets. A +8% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 86,309
# Households 37,940
Median age 43
Median household income $56,540
Avg household size 2.0
Renter-occupied housing units 16,019
5-year population change +8%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Melbourne, FL

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Melbourne $248 10,422 SF 11.08%
Palm Shores $770 2,881 SF 7.00%
Satellite Beach $286 5,600 SF 7.00%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Melbourne $203 17,785 SF 5.62%
Palm Bay $78 29,304 SF 5.62%
Nearby Retail Markets Avg Cost/SF Typical Size
Melbourne $403 7,858 SF
Melbourne Village $554 2,475 SF
West Melbourne $529 7,296 SF
Satellite Beach $1,252 2,603 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Melbourne $167 32,238 SF 7.16%
Satellite Beach $324 31,356 SF 7.16%
Indian Harbour Beach $235 31,356 SF 7.00%
Rockledge $150 10,818 SF 6.66%

Commercial Properties For Sale in Melbourne

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

1656 Sunny Brook Lane

Palm Bay, FL

  • $999,000
For Sale

Office Professional

Palm Bay, FL 32907

  • 1,776 SF Office Building
  • $359,900
For Sale

1545 Palm Bay Rd

Melbourne, FL 32905

  • 5,564 SF Retail Building
  • 6.45% Cap Rate
  • $3,082,065
For Sale

1700 N Harbor City Blvd

Melbourne, FL 32935

  • 1,468 SF Retail Building
  • $1,000,000
For Sale

411 Clearlake Rd

Cocoa, FL 32922

  • 4,226 SF Flex Building
  • $725,000
For Sale

±12.12 Acres for Residential Development

Palm Bay, FL 32909

  • 12.12 AC Lot
  • 1 Commercial Lot
  • $2,500,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Melbourne pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Melbourne $325 12,595 SF
Melbourne Village $781 2,475 SF
West Melbourne $319 9,394 SF
Palm Shores $825 2,911 SF
Satellite Beach $589 13,186 SF

Multifamily Properties For Sale in Melbourne

For Sale

327 Wilson Ave, Cocoa Beach, FL 32931 -4 lots

Cocoa Beach, FL 32931

  • 34,878 SF Multifamily
  • $13,500,000

Regional Demographic Comparison

This comparison places Melbourne alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Melbourne or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Melbourne 86,309 37,940 43 $56,540 2 16,019 8%
Melbourne Village 702 295 50 $75,649 2 50 7%
West Melbourne 28,923 11,714 43 $78,526 2 3,265 9%
Palm Shores 1,093 444 48 $74,999 3 91 6%
Satellite Beach 11,422 4,600 46 $98,631 3 904 8%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Melbourne, FL and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Melbourne

View All Commercial Real Estate For Sale in Melbourne
Is Melbourne a good market for a first-time commercial real estate investor?

Melbourne offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Melbourne?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Melbourne. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Melbourne?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Melbourne. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Melbourne compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Melbourne. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Melbourne acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Melbourne, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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