Commercial Real Estate Market in Cleveland, NC
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
26 active listings and 147 off-market properties in Cleveland, NC.
Market Trends
Cleveland, NC spans 75.4 square miles in Rowan County, North Carolina. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Cleveland, NC runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Cleveland, NC runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Cleveland, 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 vacancy in Cleveland, NC 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 81.8%
- Industrial 17.2%
- Commercial 0.9%
Largest Zones share of zoned land by district
Agricultural District
Single Family Residential District
Light Industrial District
Heavy Industrial District
General Residential District
Cleveland, NC zones 5,516 acres across 7 districts. Commercial zoning covers 0.9% of zoned land, residential 81.8% and industrial 17.2%. The largest single district is Agricultural District at 63.7%. For commercial buyers the practical constraint is that only 18.2% of land carries a commercial or industrial designation.
Single Family Residential District (R-20)
Residential and (R-20) Single Family Residential districts. They shall require zoning permit(s), and proposals shall be submitted to the Zoning Board of Adjustments as described in Article XI of this ordinance. This article shall apply to facilities for 84 Zoning Ordinance of the Town of Cleveland, N.C. Article VIII commercial, public-use telephone, televisi…
Market overview
Demographics & Economy
Cleveland, NC has 6,257 residents in 2,681 households. Density runs 83 people per square mile. Median household income here is $67,443 and median gross rent $790 a month.
6,257
Population
2,681
Households
2.3
Avg Household Size
42
Median Age
15%
College-Educated
90%
High-School Grad
75.4 sq mi
ZIP Area
83
Density / Sq Mi
$67,443
Median Household Income
$41,075
Median Earnings
$790
Median Rent
$196,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Barber | — | — |
| Bear Poplar | — | — |
| Mount Vernon | — | — |
| Elmwood | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Cleveland?
Cleveland, NC zones 5,516 acres across 7 districts, of which 0.9% is commercial and 17.2% industrial. The largest single district is Agricultural District at 63.7% of zoned land. Residential zoning covers 81.8% and open space 0%.
Where does Realmo's Cleveland market data come from?
Realmo compiles Cleveland, NC figures from 2 recent recorded sales, 26 active sale listings, 147 tracked off-market properties, the current Cleveland 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 0 active for-lease listings in Cleveland, 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: 5,516 zoned acres across 7 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
