Fort Pierce, Florida Commercial Real Estate Market Report

The commercial real estate landscape in Fort Pierce, Florida currently features 505 active listings on Commrty. Of these, 495 properties are listed for sale, while 10 are available for lease. The entire inventory of 505 listings was introduced to the platform within the last 90 days, with no new additions recorded in the most recent 30-day period. Only one property has successfully completed a transaction in the last 180 days. This supply indicates a substantial volume of assets currently seeking buyers or tenants within the local market area. Pricing across the 114 listings that publish an asking price ranges from $2 million to $11 million, with a median price of $590,000. For investors evaluating these opportunities, the median advertised cap rate stands at 7.20%. These figures provide a baseline for understanding the current cost of entry and the anticipated yields associated with the available inventory. The breadth of pricing reflects the diverse scale of properties available, ranging from smaller commercial interests to larger land and development opportunities. Multifamily assets dominate the composition of listings with 273 available properties, followed by 101 parcels of land. The remaining inventory includes 32 retail, 31 business for sale, 26 industrial, 22 office, 13 special purpose, and 5 mixed-use properties. This distribution suggests a market focused heavily on housing and land development, suitable for investors interested in residential expansion or site acquisition. The smaller number of retail, industrial, and office listings serves niche requirements for businesses looking to establish a presence within the Fort Pierce area's growing coastal economy.