Commercial Real Estate Market in Monroe, NC
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
207 active listings and 2,071 off-market properties in Monroe, NC. Commercial property asks $606/SF to buy and $16.29/SF/Yr to lease.
Market Trends
Monroe, NC spans 259.5 square miles in Union County, North Carolina. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Monroe, 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 Monroe, NC runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Monroe, 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 Monroe, 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 58%
- Industrial 18.7%
- Mixed use 6.1%
- Commercial 3.8%
- Civic 1.2%
Largest Zones share of zoned land by district
Residential Low Density
Residential Medium Density
General Industrial
Conditional District
Residential Rural
Monroe, NC zones 24,339 acres across 20 districts. Commercial zoning covers 3.8% of zoned land, residential 58% and industrial 18.7%. The largest single district is Residential Low Density at 29.2%. For commercial buyers the practical constraint is that only 22.5% of land carries a commercial or industrial designation.
General Industrial (GI)
GI General Industrial Section 4.4.1. HI Heavy Industrial Section 4.4.2. Planned Districts PCD Planned Commerce Development Section 4.5.1. PUD Planned Unit Development Section 4.5.2. Conditional Districts C-R Conditional, Residential Section 4.6.E. 89 C-O Conditional, Office Section 4.6.F. C-C Conditional, Commercial Section 4.6.G. C-I Conditional, Industrial…
Market overview
Demographics & Economy
Monroe, NC has 80,442 residents in 31,257 households. Density runs 310 people per square mile. Median household income here is $79,074 and median gross rent $1,249 a month.
80,442
Population
31,257
Households
2.6
Avg Household Size
38
Median Age
23%
College-Educated
86%
High-School Grad
259.5 sq mi
ZIP Area
310
Density / Sq Mi
$79,074
Median Household Income
$41,634
Median Earnings
$1,249
Median Rent
$292,382
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Wingate | — | — |
| Wesley Chapel | — | — |
| Unionville | — | — |
| Mineral Springs | — | — |
Commercial property in Monroe, NC asks $606/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Monroe?
Commercial property in Monroe, NC asks an average of $606 per square foot. The 5 most recent recorded sales traded at a median of $160/SF, so asking sits 278% above the achieved median.
How much does it cost to lease commercial space in Monroe?
Asking lease rates in Monroe, NC average $16.29 per square foot per year.
What zoning applies to commercial property in Monroe?
Monroe, NC zones 24,339 acres across 20 districts, of which 3.8% is commercial and 18.7% industrial. The largest single district is Residential Low Density at 29.2% of zoned land. Residential zoning covers 58% and open space 0%.
Where does Realmo's Monroe market data come from?
Realmo compiles Monroe, NC figures from 6 recent recorded sales, 167 active sale listings, 40 active lease listings, 2,071 tracked off-market properties, the current Monroe zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 167 active for-sale and 40 active for-lease listings in Monroe, 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: 24,339 zoned acres across 20 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
