Commercial Real Estate Market in Kannapolis, NC
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
133 active listings and 1,288 off-market properties in Kannapolis, NC. Commercial property asks $979/SF to buy and $13.80/SF/Yr to lease.
Market Trends
Kannapolis, NC spans 297.6 square miles in Cabarrus County, North Carolina. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Kannapolis, 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 Kannapolis, NC runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Kannapolis, 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 Kannapolis, 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
- Civic 44.8%
- Residential 22.6%
- Planned_development 10%
- Industrial 7.9%
- Agricultural 7.6%
- Commercial 6.6%
- Mixed use 0.6%
Largest Zones share of zoned land by district
Residential 4 District
Residential 8 District
Planned Development District
Agricultural District
General Commercial District
Residential 8 District (R8)
H. RESIDENTIAL 8 (R8) DISTRICT (1) PURPOSE The purpose of the Residential 8 (R8) District is to provide lands for neighborhoods that accommodate a mix of single family detached, duplex, and triplex dwellings; townhouses; and small-scale multifamily developments at a maximum density of eight units per acre. The district is intended to support a medium-density…
Market overview
Demographics & Economy
Kannapolis, NC has 225,530 residents in 94,363 households. Density runs 758 people per square mile. Median household income here is $84,210 and median gross rent $1,291 a month.
225,530
Population
94,363
Households
2.4
Avg Household Size
38
Median Age
36%
College-Educated
90%
High-School Grad
297.6 sq mi
ZIP Area
758
Density / Sq Mi
$84,210
Median Household Income
$46,427
Median Earnings
$1,291
Median Rent
$307,648
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Fisher Town | — | — |
| Landis | — | — |
| China Grove | — | — |
| Concord | — | — |
Commercial property in Kannapolis, NC asks $979/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Kannapolis?
Commercial property in Kannapolis, NC asks an average of $979 per square foot. The 4 most recent recorded sales traded at a median of $109/SF, so asking sits 800% above the achieved median.
How much does it cost to lease commercial space in Kannapolis?
Asking lease rates in Kannapolis, NC average $13.80 per square foot per year.
Where does Realmo's Kannapolis market data come from?
Realmo compiles Kannapolis, NC figures from 4 recent recorded sales, 119 active sale listings, 14 active lease listings, 1,288 tracked off-market properties, the current Kannapolis zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 119 active for-sale and 14 active for-lease listings in Kannapolis, 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: 23,198 zoned acres across 30 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, industrial vacancy is reported at South region level and asking prices run materially above recent closed pricing.
- 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
