Commercial Real Estate Market in Tupelo, MS
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
79 active listings and 1,959 off-market properties in Tupelo, MS. Commercial property asks $96/SF to buy and $15.69/SF/Yr to lease (based on 8 listings).
Market Trends
Tupelo, MS spans 151.5 square miles in Lee County, Mississippi. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Tupelo, MS has a median asking sale price of $106/SF (based on 7 listings). Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail space in Tupelo, MS has a median asking sale price of $83/SF (based on 5 listings). Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial space in Tupelo, MS has a median asking sale price of $47/SF (based on 7 listings). Vacancy runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Multifamily
Multifamily space in Tupelo, MS has a median asking sale price of $97/SF (based on 8 listings). Vacancy 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 55.2%
- Mixed use 37.1%
- Industrial 5.6%
- Commercial 2.1%
Largest Zones share of zoned land by district
The objective of the Agriculture/Open Space Protection District (AO) is to preserve environmentally sensitive land areas such as floodplains and agricultural areas which are not suitable for dense development and which are generally outside of areas served by public water and sanitary sewer systems. The types of uses, area and intensity of development permit…
Market overview
Demographics & Economy
Tupelo, MS has 47,109 residents in 21,695 households. Density runs 311 people per square mile. Median household income here is $63,590 and median gross rent $919 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Tupelo?
How much does it cost to lease commercial space in Tupelo?
Where does Realmo's Tupelo market data come from?
Methodology & data sources
- Asking prices and medians
- There are 49 active for-sale and 30 active for-lease listings in Tupelo, MS. The medians are based on 27 of the for-sale and 8 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: 41,532 zoned acres across 10 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
