Commercial Real Estate Market in Spindale, NC
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
24 active listings and 271 off-market properties in Spindale, NC. Commercial property asks $1,002/SF to buy and $15.87/SF/Yr to lease.
Market Trends
Spindale, NC spans 5.5 square miles in Rutherford County, North Carolina. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Spindale, 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 Spindale, NC runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Spindale, 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 Spindale, 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 75.8%
- Industrial 13.2%
- Commercial 10.3%
- Mixed use 0.7%
Largest Zones share of zoned land by district
Residential
Residential
Heavy Commercial Industrial
Residential
General Commercial
Spindale, NC zones 3,489 acres across 7 districts. Commercial zoning covers 10.3% of zoned land, residential 75.8% and industrial 13.2%. The largest single district is Residential at 37.8%. For commercial buyers the practical constraint is that only 23.5% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Spindale, NC has 3,869 residents in 1,953 households. Density runs 703 people per square mile. Median household income here is $38,625 and median gross rent $692 a month.
3,869
Population
1,953
Households
2
Avg Household Size
40
Median Age
15%
College-Educated
84%
High-School Grad
5.5 sq mi
ZIP Area
703
Density / Sq Mi
$38,625
Median Household Income
$32,043
Median Earnings
$692
Median Rent
$121,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Rutherfordton | — | — |
| Ruth | — | — |
| Forest City | — | $8.66 |
| Shingle Hollow | — | — |
Commercial property in Spindale, NC asks $1,002/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Spindale?
Commercial property in Spindale, NC asks an average of $1,002 per square foot. The 5 most recent recorded sales traded at a median of $31/SF, so asking sits 3113% above the achieved median.
How much does it cost to lease commercial space in Spindale?
Asking lease rates in Spindale, NC average $15.87 per square foot per year.
What zoning applies to commercial property in Spindale?
Spindale, NC zones 3,489 acres across 7 districts, of which 10.3% is commercial and 13.2% industrial. The largest single district is Residential at 37.8% of zoned land. Residential zoning covers 75.8% and open space 0%.
Where does Realmo's Spindale market data come from?
Realmo compiles Spindale, NC figures from 5 recent recorded sales, 21 active sale listings, 3 active lease listings, 271 tracked off-market properties, the current Spindale zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 21 active for-sale and 3 active for-lease listings in Spindale, 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: 3,489 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
