Commercial Real Estate Market in Kinston, NC
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
102 active listings and 1,302 off-market properties in Kinston, NC. Commercial property asks $80/SF to buy and $13.72/SF/Yr to lease.
Market Trends
Kinston, NC spans 221.0 square miles in Lenoir County, North Carolina. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Kinston, 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 Kinston, NC runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Kinston, 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 Kinston, 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 62.8%
- Industrial 29.9%
- Commercial 5.4%
- Civic 1.6%
- Mixed use 0.3%
Largest Zones share of zoned land by district
Residential
Industrial District
Residential
Residential
Residential
Kinston, NC zones 26,939 acres across 16 districts. Commercial zoning covers 5.4% of zoned land, residential 62.8% and industrial 29.9%. The largest single district is Residential at 26%. For commercial buyers the practical constraint is that only 35.3% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Kinston, NC has 38,144 residents in 19,251 households. Density runs 173 people per square mile. Median household income here is $42,725 and median gross rent $816 a month.
38,144
Population
19,251
Households
2
Avg Household Size
44
Median Age
15%
College-Educated
82%
High-School Grad
221 sq mi
ZIP Area
173
Density / Sq Mi
$42,725
Median Household Income
$32,798
Median Earnings
$816
Median Rent
$102,883
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Dover | — | — |
| Grifton | — | — |
| Fort Barnwell | — | — |
| Cove City | — | — |
Commercial property in Kinston, NC asks $80/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Kinston?
Commercial property in Kinston, NC asks an average of $80 per square foot. The 6 most recent recorded sales traded at a median of $61/SF, so asking sits 31% above the achieved median.
How much does it cost to lease commercial space in Kinston?
Asking lease rates in Kinston, NC average $13.72 per square foot per year.
What zoning applies to commercial property in Kinston?
Kinston, NC zones 26,939 acres across 16 districts, of which 5.4% is commercial and 29.9% industrial. The largest single district is Residential at 26% of zoned land. Residential zoning covers 62.8% and open space 0%.
Where does Realmo's Kinston market data come from?
Realmo compiles Kinston, NC figures from 7 recent recorded sales, 92 active sale listings, 10 active lease listings, 1,302 tracked off-market properties, the current Kinston zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 92 active for-sale and 10 active for-lease listings in Kinston, 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: 26,939 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 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
