Commercial Real Estate Market in Greenwood, MS
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
55 active listings and 939 off-market properties in Greenwood, MS. Commercial property asks $55/SF to buy and $11.13/SF/Yr to lease (based on 4 listings).
Market Trends
Greenwood, MS spans 194.2 square miles in Leflore County, Mississippi. Figures below refresh monthly; last updated 31 October 2026.
Office
Across Leflore County, office space asks $122/SF to buy. Office vacancy in Greenwood, MS runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail vacancy in Greenwood, MS runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial vacancy in Greenwood, MS runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Multifamily
Across Leflore County, multifamily space asks $88/SF to buy. Multifamily vacancy in Greenwood, MS runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 38.4%
- Industrial 34.4%
- Commercial 17.2%
- Agricultural 8.7%
- Mixed use 1.3%
Largest Zones share of zoned land by district
Greenwood, MS zones 7,598 acres across 14 districts. Commercial zoning covers 17.2% of zoned land, residential 38.4% and industrial 34.4%. The largest single district is Light Industrial District at 33.2%. For commercial buyers the practical constraint is that only 51.6% of land carries a commercial or industrial designation.
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Market overview
Demographics & Economy
Greenwood, MS has 23,438 residents in 10,608 households. Density runs 121 people per square mile. Median household income here is $35,109 and median gross rent $694 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Greenwood?
How much does it cost to lease commercial space in Greenwood?
What zoning applies to commercial property in Greenwood?
Where does Realmo's Greenwood market data come from?
Methodology & data sources
- Asking prices and medians
- There are 49 active for-sale and 6 active for-lease listings in Greenwood, MS. The medians are based on 30 of the for-sale and 4 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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: 7,598 zoned acres across 14 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
