Commercial Real Estate Market in Greenwood, DE
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
28 active listings and 112 off-market properties in Greenwood, DE.
Market Trends
Greenwood, DE spans 72.4 square miles in Sussex County, Delaware. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Greenwood, DE runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Greenwood, DE runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Greenwood, DE 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 Greenwood, DE 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 60.6%
- Commercial 31.7%
- Industrial 4.4%
- Open space 1.4%
Largest Zones share of zoned land by district
Low Density Residential
Highway Commercial
Medium Density Residential
Manufacturing And Light Industrial
Downtown Commercial
Greenwood, DE zones 477 acres across 8 districts. Commercial zoning covers 31.7% of zoned land, residential 60.6%, open space 1.4% and industrial 4.4%. The largest single district is Low Density Residential at 52.8%. For commercial buyers the practical constraint is that only 36.1% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Greenwood, DE has 7,095 residents in 3,480 households. Density runs 98 people per square mile. Median household income here is $74,970 and median gross rent $1,304 a month.
7,095
Population
3,480
Households
2
Avg Household Size
43
Median Age
19%
College-Educated
80%
High-School Grad
72.4 sq mi
ZIP Area
98
Density / Sq Mi
$74,970
Median Household Income
$39,716
Median Earnings
$1,304
Median Rent
$272,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Farmington | — | — |
| Bridgeville | — | $15.00 |
| Houston | — | — |
| Harrington | — | $13.73 |
Commercial property in Greenwood, DE asks $365/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Greenwood?
Commercial property in Greenwood, DE asks an average of $365 per square foot.
What zoning applies to commercial property in Greenwood?
Greenwood, DE zones 477 acres across 8 districts, of which 31.7% is commercial and 4.4% industrial. The largest single district is Low Density Residential at 52.8% of zoned land. Residential zoning covers 60.6% and open space 1.4%.
Where does Realmo's Greenwood market data come from?
Realmo compiles Greenwood, DE figures from 5 recent recorded sales, 28 active sale listings, 112 tracked off-market properties, the current Greenwood zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 28 active for-sale and 0 active for-lease listings in Greenwood, DE. 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: 477 zoned acres across 8 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
