Commercial Real Estate Market in Cary, NC
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
145 active listings and 2,097 off-market properties in Cary, NC. Commercial property asks $145/SF to buy and $28.86/SF/Yr to lease.
Market Trends
Cary, NC spans 60.3 square miles in Wake County, North Carolina. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Cary, NC asks $309/SF to buy. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Retail
Retail vacancy in Cary, NC runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Cary, NC 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 space in Cary, NC asks $260/SF to buy. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 43.6%
- Planned_development 32.7%
- Open space 7.3%
- Industrial 7.1%
- Commercial 4%
- Civic 3%
- Mixed use 2.4%
Largest Zones share of zoned land by district
Major Planned Development District
Residential District
Residential District
Resource Recreation District
Office Research And Development District
Major Planned Development District (PDD-MAJOR)
Major Planned Development District PDD Major 4.5.1 Flexible Use Districts Generally (A) Purpose of Flexible Use Districts Flexible Use Zoning Districts are districts in the nature of legislatively approved conditional zoning districts that allow for the establishment of certain uses, or mixes of uses, which because of their nature or scale cannot be properly…
Market overview
Demographics & Economy
Cary, NC has 167,042 residents in 69,532 households. Density runs 2,769 people per square mile. Median household income here is $132,440 and median gross rent $1,629 a month.
167,042
Population
69,532
Households
2.4
Avg Household Size
39
Median Age
71%
College-Educated
96%
High-School Grad
60.3 sq mi
ZIP Area
2,769
Density / Sq Mi
$132,440
Median Household Income
$70,182
Median Earnings
$1,629
Median Rent
$532,220
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Morrisville | — | $24.82 |
| Apex | — | $21.50 |
| Five Points | — | — |
| Holly Springs | — | — |
Commercial property in Cary, NC asks $145/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Cary?
Commercial property in Cary, NC asks an average of $145 per square foot. The 5 most recent recorded sales traded at a median of $414/SF. Office carries the highest asking price at $309/SF.
How much does it cost to lease commercial space in Cary?
Asking lease rates in Cary, NC average $28.86 per square foot per year.
Where does Realmo's Cary market data come from?
Realmo compiles Cary, NC figures from 6 recent recorded sales, 71 active sale listings, 74 active lease listings, 2,097 tracked off-market properties, the current Cary zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 71 active for-sale and 74 active for-lease listings in Cary, NC. 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: 37,966 zoned acres across 50 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
