Commercial Real Estate Market in Leipsic, DE
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
Market Trends
Leipsic, DE spans 75.8 square miles in Kent County, Delaware. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Leipsic, 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 Leipsic, DE runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Leipsic, 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 Leipsic, 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
- Agricultural 53%
- Commercial 30.4%
- Residential 11.8%
- Industrial 4.8%
Largest Zones share of zoned land by district
Agricultural And Open Space
Residential And Commercial
Residential
Commercial
Agricultural And Open Space (A/O)
The purpose of the Agricultural and Open Space Zoning District is to protect sensitive natural resources and adjacent lands associated with the town and its unique relationship with the Leipsic River and also to promote the continuance of economically viable agriculture practices.
Market overview
Demographics & Economy
Leipsic, DE has 36,839 residents in 15,443 households. Density runs 486 people per square mile. Median household income here is $63,891 and median gross rent $1,353 a month.
36,839
Population
15,443
Households
2.4
Avg Household Size
34
Median Age
27%
College-Educated
89%
High-School Grad
75.8 sq mi
ZIP Area
486
Density / Sq Mi
$63,891
Median Household Income
$33,069
Median Earnings
$1,353
Median Rent
$258,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Cheswold | — | — |
| Smyrna | — | — |
| Dover | — | $15.64 |
| Little Creek | — | — |
Methodology & data sources
- 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: 186 zoned acres across 4 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
