Commercial Real Estate Market in Princeton, NC
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
36 active listings and 180 off-market properties in Princeton, NC. Commercial property asks $74/SF to buy and $19.85/SF/Yr to lease.
Market Trends
Princeton, NC spans 80.0 square miles in Johnston County, North Carolina. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Princeton, 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 Princeton, NC runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Princeton, 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 Princeton, 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 77.6%
- Commercial 10.8%
- Industrial 8.6%
- Civic 2.5%
- Planned_development 0.5%
Largest Zones share of zoned land by district
Rural Residential District
Low Density Residential District
Neighborhood And Highway Commercial District
Medium Density Residential District
Heavy Industrial District
Princeton, NC zones 3,645 acres across 10 districts. Commercial zoning covers 10.8% of zoned land, residential 77.6% and industrial 8.6%. The largest single district is Rural Residential District at 48.7%. For commercial buyers the practical constraint is that only 19.4% of land carries a commercial or industrial designation.
Rural Residential District (R-1)
Section 8.1 R1, Rural Residential District 8.1.1 Purpose: This district is intended to provide appropriate locations for low-density single- family residential development, agricultural activities, and complementary land use activities that will preserve the rural character of outlying areas; create a healthy living environment for residents of the district;…
Market overview
Demographics & Economy
Princeton, NC has 8,854 residents in 3,559 households. Density runs 111 people per square mile. Median household income here is $73,507 and median gross rent $967 a month.
8,854
Population
3,559
Households
2.5
Avg Household Size
39
Median Age
21%
College-Educated
85%
High-School Grad
80 sq mi
ZIP Area
111
Density / Sq Mi
$73,507
Median Household Income
$49,417
Median Earnings
$967
Median Rent
$194,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Pine Level | — | — |
| Micro | — | — |
| Bagley | — | — |
| Selma | — | $16.88 |
Commercial property in Princeton, NC asks $74/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Princeton?
Commercial property in Princeton, NC asks an average of $74 per square foot.
How much does it cost to lease commercial space in Princeton?
Asking lease rates in Princeton, NC average $19.85 per square foot per year.
What zoning applies to commercial property in Princeton?
Princeton, NC zones 3,645 acres across 10 districts, of which 10.8% is commercial and 8.6% industrial. The largest single district is Rural Residential District at 48.7% of zoned land. Section 8.1 R1, Rural Residential District 8.1.1 Purpose: This district is intended to provide appropriate locations for low-density single- family residential development, agricultural activities, and complementary land use activities that will preserve the rural character of outlying areas; create a healthy living environment for residents of the district;… Residential zoning covers 77.6% and open space 0%.
Where does Realmo's Princeton market data come from?
Realmo compiles Princeton, NC figures from 2 recent recorded sales, 33 active sale listings, 3 active lease listings, 180 tracked off-market properties, the current Princeton zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 33 active for-sale and 3 active for-lease listings in Princeton, 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: 3,645 zoned acres across 10 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
