Commercial Real Estate Market in Morehead City, NC
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
114 active listings and 840 off-market properties in Morehead City, NC. Commercial property asks $1,502/SF to buy and $15.01/SF/Yr to lease.
Market Trends
Morehead City, NC spans 14.2 square miles in Carteret County, North Carolina. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Morehead City, 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 Morehead City, NC runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Morehead City, 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 Morehead City, 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
Morehead City, NC has 14,910 residents in 9,168 households. Density runs 1,051 people per square mile. Median household income here is $67,753 and median gross rent $1,143 a month.
14,910
Population
9,168
Households
1.6
Avg Household Size
50
Median Age
40%
College-Educated
93%
High-School Grad
14.2 sq mi
ZIP Area
1,051
Density / Sq Mi
$67,753
Median Household Income
$38,534
Median Earnings
$1,143
Median Rent
$331,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Fort Macon Coast Guard Base | — | — |
| Atlantic Beach | — | — |
| Pine Knoll Shores | — | — |
| Beaufort | — | — |
Commercial property in Morehead City, NC asks $1,502/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Morehead City?
Commercial property in Morehead City, NC asks an average of $1,502 per square foot. The 7 most recent recorded sales traded at a median of $252/SF, so asking sits 495% above the achieved median.
How much does it cost to lease commercial space in Morehead City?
Asking lease rates in Morehead City, NC average $15.01 per square foot per year.
Where does Realmo's Morehead City market data come from?
Realmo compiles Morehead City, NC figures from 8 recent recorded sales, 103 active sale listings, 11 active lease listings, 840 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 103 active for-sale and 11 active for-lease listings in Morehead City, 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
