Commercial Real Estate Market in Grenada, MS
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
86 active listings and 596 off-market properties in Grenada, MS.
Market Trends
Grenada, MS spans 242.0 square miles in Grenada County, Mississippi. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Grenada, MS runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Grenada, MS runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Grenada, MS 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 Grenada, MS 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 33.7%
- Residential 30.5%
- Industrial 20.1%
- Commercial 15.7%
Largest Zones share of zoned land by district
General Agricultural
Low Density Residential
Heavy Industrial
Heavy Commercial
General Commercial
General Agricultural (A-1)
Sec. 4.1. - A-1 General Agricultural District. 4.1.1. General description. This district shall provide an area for agricultural and horticultural uses. The rural nature and low density of population in this district requires only that uses essential to agriculture and horticulture have a reasonable setback of buildings from dedicated streets and/or highways.…
Market overview
Demographics & Economy
Grenada, MS has 18,282 residents in 8,831 households. Density runs 76 people per square mile. Median household income here is $46,956 and median gross rent $811 a month.
18,282
Population
8,831
Households
2.1
Avg Household Size
41
Median Age
26%
College-Educated
85%
High-School Grad
242 sq mi
ZIP Area
76
Density / Sq Mi
$46,956
Median Household Income
$31,330
Median Earnings
$811
Median Rent
$139,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Nason | — | — |
| Dubard | — | — |
| Elliott | — | — |
| Hardy | — | — |
Commercial property in Grenada, MS asks $15/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Grenada?
Commercial property in Grenada, MS asks an average of $15 per square foot.
Where does Realmo's Grenada market data come from?
Realmo compiles Grenada, MS figures from 86 active sale listings, 596 tracked off-market properties, the current Grenada zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 86 active for-sale and 0 active for-lease listings in Grenada, MS. 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: 19,257 zoned acres across 13 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
