Commercial Real Estate Market in Odessa, DE
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
4 active listings and 24 off-market properties in Odessa, DE.
Market Trends
Odessa, DE spans 0.7 square miles in New Castle County, Delaware. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Odessa, 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 Odessa, DE runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Odessa, 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 Odessa, 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 67.7%
- Mixed use 15.6%
- Commercial 13.7%
- Special 3%
Largest Zones share of zoned land by district
Single Family Residential
Planned Neighborhood Development
General Commercial
Non Profit Estate
Restricted Downtown Commercial
Odessa, DE zones 325 acres across 5 districts. Commercial zoning covers 13.7% of zoned land, residential 67.7%. The largest single district is Single Family Residential at 67.7%. For commercial buyers the practical constraint is that only 13.7% of land carries a commercial or industrial designation.
Single Family Residential (R-1)
SECTION 80. R-1 SINGLE-FAMILY RESIDENTIAL The regulations of this district are intended to i nsure that residential development will occur as a low density neighborhood consisting of s ingle-family residences along with limited home occupations and private and public community uses to provide a healthful environment. 80.1 - PERMITTED USES The following uses…
Market overview
Demographics & Economy
Odessa, DE has 472 residents in 227 households. Density runs 700 people per square mile. Median household income here is $81,927 and median gross rent $1,344 a month.
472
Population
227
Households
2.1
Avg Household Size
43
Median Age
46%
College-Educated
97%
High-School Grad
0.7 sq mi
ZIP Area
700
Density / Sq Mi
$81,927
Median Household Income
$59,208
Median Earnings
$1,344
Median Rent
$299,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Middletown | — | $32.22 |
| Townsend | — | — |
| Blackbird | — | — |
| Port Penn | — | — |
Commercial property in Odessa, DE asks $354/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Odessa?
Commercial property in Odessa, DE asks an average of $354 per square foot.
What zoning applies to commercial property in Odessa?
Odessa, DE zones 325 acres across 5 districts, of which 13.7% is commercial and 0% industrial. The largest single district is Single Family Residential at 67.7% of zoned land. SECTION 80. R-1 SINGLE-FAMILY RESIDENTIAL The regulations of this district are intended to i nsure that residential development will occur as a low density neighborhood consisting of s ingle-family residences along with limited home occupations and private and public community uses to provide a healthful environment. 80.1 - PERMITTED USES The following uses… Residential zoning covers 67.7% and open space 0%.
Where does Realmo's Odessa market data come from?
Realmo compiles Odessa, DE figures from 3 active sale listings, 1 active lease listings, 24 tracked off-market properties, the current Odessa zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 3 active for-sale and 1 active for-lease listings in Odessa, 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: 325 zoned acres across 5 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
