Commercial Real Estate Market in Forest City, NC
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
69 active listings and 846 off-market properties in Forest City, NC. Commercial property asks $38/SF to buy and $8.66/SF/Yr to lease.
Market Trends
Forest City, NC spans 66.3 square miles in Rutherford County, North Carolina. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Forest City, 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 Forest City, NC runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Forest City, 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 Forest City, NC runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Market overview
Demographics & Economy
Forest City, NC has 20,183 residents in 9,356 households. Density runs 304 people per square mile. Median household income here is $41,746 and median gross rent $744 a month.
20,183
Population
9,356
Households
2.2
Avg Household Size
43
Median Age
18%
College-Educated
84%
High-School Grad
66.3 sq mi
ZIP Area
304
Density / Sq Mi
$41,746
Median Household Income
$29,909
Median Earnings
$744
Median Rent
$176,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Bostic | — | — |
| Sandy Mush | — | — |
| Spindale | — | — |
| Frog Level | — | — |
Commercial property in Forest City, NC asks $38/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Forest City?
Commercial property in Forest City, NC asks an average of $38 per square foot. The 7 most recent recorded sales traded at a median of $157/SF.
How much does it cost to lease commercial space in Forest City?
Asking lease rates in Forest City, NC average $8.66 per square foot per year.
Where does Realmo's Forest City market data come from?
Realmo compiles Forest City, NC figures from 7 recent recorded sales, 62 active sale listings, 7 active lease listings, 846 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 62 active for-sale and 7 active for-lease listings in Forest City, 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.
- 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
