Commercial Real Estate Market in Morehead City, NC
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
41 active listings and 840 off-market properties in Morehead City, NC. Commercial property asks $243/SF to buy (based on 8 listings) and $15.63/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 October 2026.
Office
Office space in Morehead City, NC has a median asking sale price of $303/SF (based on 5 listings). Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail vacancy in Morehead City, NC runs 5.4% across the South region in 2025, down from 7% in 2020.
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%.
Multifamily
Multifamily vacancy in Morehead City, NC runs 11.3% across the South region in 2025, up from 8.5% in 2022.
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.
Tools
Nearby Markets
Commercial property in Morehead City, NC asks $243/SF. The 2 bordering markets run from $150/SF in Havelock to $396/SF in Beaufort, and the city sits below their $273/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Morehead City?
How much does it cost to lease commercial space in Morehead City?
How does Morehead City compare to nearby markets on price?
Where does Realmo's Morehead City market data come from?
Methodology & data sources
- Asking prices and medians
- There are 19 active for-sale and 22 active for-lease listings in Morehead City, NC. The medians are based on 8 of the for-sale and 13 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
