Commercial Real Estate Market in Leicester, NC
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
57 active listings and 151 off-market properties in Leicester, NC.
Market Trends
Leicester, NC spans 92.1 square miles in Buncombe County, North Carolina. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Leicester, 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 Leicester, NC runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Leicester, 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 Leicester, 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
Leicester, NC has 13,030 residents in 4,908 households. Density runs 141 people per square mile. Median household income here is $65,269 and median gross rent $1,078 a month.
13,030
Population
4,908
Households
2.7
Avg Household Size
44
Median Age
23%
College-Educated
86%
High-School Grad
92.1 sq mi
ZIP Area
141
Density / Sq Mi
$65,269
Median Household Income
$35,919
Median Earnings
$1,078
Median Rent
$298,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Alexander | — | — |
| Woodfin | — | — |
| Weaverville | — | $8.63 |
| Biltmore Lake | — | — |
Commercial property in Leicester, NC asks $2,373/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Leicester?
Commercial property in Leicester, NC asks an average of $2,373 per square foot. The 4 most recent recorded sales traded at a median of $423/SF, so asking sits 461% above the achieved median.
Where does Realmo's Leicester market data come from?
Realmo compiles Leicester, NC figures from 6 recent recorded sales, 57 active sale listings, 151 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 57 active for-sale and 0 active for-lease listings in Leicester, 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, 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
