Commercial Real Estate Market in Smyrna, DE
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
31 active listings and 280 off-market properties in Smyrna, DE. Commercial property asks $263/SF to buy and $18.11/SF/Yr to lease.
Market Trends
Smyrna, DE spans 83.1 square miles in Kent County, Delaware. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Smyrna, 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 Smyrna, DE runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Smyrna, 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 Smyrna, 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 35.2%
- Civic 20.2%
- Commercial 15.9%
- Industrial 14.8%
- Agricultural 5.5%
Largest Zones share of zoned land by district
Institutional And Recreational District
Industrial Office And Research Park District
Residential District
Residential District
Planned Village Community
Market overview
Demographics & Economy
Smyrna, DE has 27,505 residents in 9,899 households. Density runs 331 people per square mile. Median household income here is $78,803 and median gross rent $1,366 a month.
27,505
Population
9,899
Households
2.8
Avg Household Size
40
Median Age
23%
College-Educated
92%
High-School Grad
83.1 sq mi
ZIP Area
331
Density / Sq Mi
$78,803
Median Household Income
$48,246
Median Earnings
$1,366
Median Rent
$311,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Clayton | — | — |
| Leipsic | — | — |
| Cheswold | — | — |
| Kenton | — | — |
Commercial property in Smyrna, DE asks $263/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Smyrna?
Commercial property in Smyrna, DE asks an average of $263 per square foot. The 5 most recent recorded sales traded at a median of $119/SF, so asking sits 121% above the achieved median.
How much does it cost to lease commercial space in Smyrna?
Asking lease rates in Smyrna, DE average $18.11 per square foot per year.
Where does Realmo's Smyrna market data come from?
Realmo compiles Smyrna, DE figures from 5 recent recorded sales, 26 active sale listings, 5 active lease listings, 280 tracked off-market properties, the current Smyrna zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 26 active for-sale and 5 active for-lease listings in Smyrna, 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: 3,534 zoned acres across 19 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, industrial vacancy is reported at South region level and asking prices run materially above recent closed pricing.
- 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
