Commercial Real Estate Market in Franklin, NC
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
46 active listings and 1,063 off-market properties in Franklin, NC.
Market Trends
Franklin, NC spans 301.0 square miles in Macon County, North Carolina. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Franklin, NC has a median asking sale price of $163/SF (based on 9 listings). Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail space in Franklin, NC has a median asking sale price of $216/SF (based on 8 listings). Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial space in Franklin, NC has a median asking sale price of $72/SF (based on 3 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 Franklin, NC has a median asking sale price of $290/SF (based on 6 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 59.6%
- Industrial 19.6%
- Commercial 13.2%
- Civic 4.1%
- Mixed use 3.1%
- Planned_development 0.5%
Largest Zones share of zoned land by district
Franklin, NC zones 7,015 acres across 16 districts. Commercial zoning covers 13.2% of zoned land, residential 59.6% and industrial 19.6%. The largest single district is Residential at 50%. For commercial buyers the practical constraint is that only 32.8% of land carries a commercial or industrial designation.
R-1 Residential 152.021 R-2 Residential 152.022 C-1 Central Commercial 152.023 C-2 Secondary Commercial 152.024 C-3 Highway Commercial 152.025 I-1 Industrial 152.026 NMU Neighborhood Mixed Use 152.027 MICR Medical Institutional Cultural Residential 152.028 EC Entry Corridor Overlay 152.029 UV Urban Village 152.030 TN Traditional Neighborhood Overlay 152.031…
Market overview
Demographics & Economy
Franklin, NC has 29,284 residents in 18,472 households. Density runs 97 people per square mile. Median household income here is $50,221 and median gross rent $779 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Franklin?
What zoning applies to commercial property in Franklin?
Where does Realmo's Franklin market data come from?
Methodology & data sources
- Asking prices and medians
- There are 45 active for-sale and 1 active for-lease listings in Franklin, NC. The sale median is based on 27 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. 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: 7,015 zoned acres across 16 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
