Commercial Real Estate Market in Greenville, NC
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
268 active listings and 3,446 off-market properties in Greenville, NC. Commercial property asks $23/SF to buy and $19.87/SF/Yr to lease.
Market Trends
Greenville, NC spans 235.7 square miles in Pitt County, North Carolina. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Greenville, 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 Greenville, NC runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Greenville, 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 Greenville, 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 68.7%
- Commercial 14.2%
- Industrial 13.3%
- Planned_development 1.9%
- Civic 1.8%
- Mixed use 0.1%
Largest Zones share of zoned land by district
Residential Agricultural
Single Family Residential
Unoffensive Industry
Residential
Office Residential
Greenville, NC zones 39,411 acres across 33 districts. Commercial zoning covers 14.2% of zoned land, residential 68.7% and industrial 13.3%. The largest single district is Residential Agricultural at 37.6%. For commercial buyers the practical constraint is that only 27.5% of land carries a commercial or industrial designation.
Residential Agricultural (RA20)
RA20 (Residential- Agricultural) To accommodate a compatible mixture of single-family dwellings and agricultural uses at lower densities. These areas are generally found in areas without sewer service that are not yet appropriate for development at higher densities. R15S (Residential- Single-Family) To accommodate single-family uses at lower densities. R9S (…
Market overview
Demographics & Economy
Greenville, NC has 107,908 residents in 53,649 households. Density runs 458 people per square mile. Median household income here is $54,368 and median gross rent $990 a month.
107,908
Population
53,649
Households
2
Avg Household Size
33
Median Age
37%
College-Educated
91%
High-School Grad
235.7 sq mi
ZIP Area
458
Density / Sq Mi
$54,368
Median Household Income
$35,698
Median Earnings
$990
Median Rent
$196,723
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Dortches | — | — |
| Simpson | — | — |
| Winterville | — | — |
| Bellarthur | — | — |
Commercial property in Greenville, NC asks $23/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Greenville?
Commercial property in Greenville, NC asks an average of $23 per square foot. The 7 most recent recorded sales traded at a median of $135/SF.
How much does it cost to lease commercial space in Greenville?
Asking lease rates in Greenville, NC average $19.87 per square foot per year.
What zoning applies to commercial property in Greenville?
Greenville, NC zones 39,411 acres across 33 districts, of which 14.2% is commercial and 13.3% industrial. The largest single district is Residential Agricultural at 37.6% of zoned land. RA20 (Residential- Agricultural) To accommodate a compatible mixture of single-family dwellings and agricultural uses at lower densities. These areas are generally found in areas without sewer service that are not yet appropriate for development at higher densities. R15S (Residential- Single-Family) To accommodate single-family uses at lower densities. R9S (… Residential zoning covers 68.7% and open space 0%.
Where does Realmo's Greenville market data come from?
Realmo compiles Greenville, NC figures from 8 recent recorded sales, 201 active sale listings, 67 active lease listings, 3,446 tracked off-market properties, the current Greenville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 201 active for-sale and 67 active for-lease listings in Greenville, 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: 39,411 zoned acres across 33 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
