Commercial Real Estate Market in Morrisville, NC
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
70 active listings and 750 off-market properties in Morrisville, NC. Commercial property asks $135/SF to buy and $24.82/SF/Yr to lease.
Market Trends
Morrisville, NC spans 27.4 square miles in Wake County, North Carolina. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Morrisville, NC asks $309/SF to buy. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Retail
Retail vacancy in Morrisville, NC runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Morrisville, 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 space in Morrisville, NC asks $260/SF to buy. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 41.3%
- Civic 21.7%
- Mixed use 10.8%
- Industrial 10.4%
- Open space 7.5%
- Planned_development 2.3%
- Commercial 1%
- Agricultural 0.5%
Largest Zones share of zoned land by district
Medium Density Residential
High Density Residential
Low Density Residential
Industrial Management
Office Institutional
Medium Density Residential (MDR)
The purpose of this zone is to for infill development in established neighborhoods, for development of areas identified as medium density residential in the Comprehensive Plan, or areas suited to medium density development supported by adequate infrastructure and nonresidential land uses, the regulations of this district are intended to allow innovation in t…
Market overview
Demographics & Economy
Morrisville, NC has 38,959 residents in 17,764 households. Density runs 1,421 people per square mile. Median household income here is $117,340 and median gross rent $1,760 a month.
38,959
Population
17,764
Households
2.2
Avg Household Size
33
Median Age
73%
College-Educated
96%
High-School Grad
27.4 sq mi
ZIP Area
1,421
Density / Sq Mi
$117,340
Median Household Income
$70,040
Median Earnings
$1,760
Median Rent
$466,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Cary | — | $28.86 |
| Apex | — | $21.50 |
| Five Points | — | — |
| North Hills | — | — |
Commercial property in Morrisville, NC asks $135/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Morrisville?
Commercial property in Morrisville, NC asks an average of $135 per square foot. The 5 most recent recorded sales traded at a median of $91/SF, so asking sits 48% above the achieved median. Office carries the highest asking price at $309/SF.
How much does it cost to lease commercial space in Morrisville?
Asking lease rates in Morrisville, NC average $24.82 per square foot per year.
Where does Realmo's Morrisville market data come from?
Realmo compiles Morrisville, NC figures from 5 recent recorded sales, 28 active sale listings, 42 active lease listings, 750 tracked off-market properties, the current Morrisville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 28 active for-sale and 42 active for-lease listings in Morrisville, 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: 5,252 zoned acres across 32 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 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 August 2026 · report a data issue
