Commercial Real Estate Market in Morganton, NC
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
328 active listings and 695 off-market properties in Morganton, NC. Commercial property asks $283/SF to buy and $20.00/SF/Yr to lease.
Market Trends
Morganton, NC spans 325.0 square miles in Burke County, North Carolina. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Morganton, 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 Morganton, NC runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Morganton, 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 Morganton, 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 42.7%
- Civic 42.2%
- Industrial 12%
- Commercial 0.9%
Largest Zones share of zoned land by district
Low Intensity District
Medium Intensity District
High Intensity District
Exclusive Industrial District
State Institutional District
Low Intensity District (LID)
The Low Intensity District is established primarily for single family residential uses at a variety of densities depending on location and proximity to transportation corridors and services. It is also the intent of this district to allow for certain types of nonresidential communityfacilitiesand services that would not be detrimental to the residential char…
Market overview
Demographics & Economy
Morganton, NC has 55,328 residents in 24,542 households. Density runs 170 people per square mile. Median household income here is $53,464 and median gross rent $827 a month.
55,328
Population
24,542
Households
2.3
Avg Household Size
43
Median Age
21%
College-Educated
84%
High-School Grad
325 sq mi
ZIP Area
170
Density / Sq Mi
$53,464
Median Household Income
$34,191
Median Earnings
$827
Median Rent
$170,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Oak Hill | — | — |
| Glen Alpine | — | — |
| Salem | — | — |
| Petersburg | — | — |
Commercial property in Morganton, NC asks $283/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Morganton?
Commercial property in Morganton, NC asks an average of $283 per square foot. The 5 most recent recorded sales traded at a median of $113/SF, so asking sits 150% above the achieved median.
How much does it cost to lease commercial space in Morganton?
Asking lease rates in Morganton, NC average $20.00 per square foot per year.
Where does Realmo's Morganton market data come from?
Realmo compiles Morganton, NC figures from 5 recent recorded sales, 318 active sale listings, 10 active lease listings, 695 tracked off-market properties, the current Morganton zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 318 active for-sale and 10 active for-lease listings in Morganton, 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: 14,712 zoned acres across 7 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
