Commercial Real Estate Market in Spruce Pine, NC
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
47 active listings and 514 off-market properties in Spruce Pine, NC. Commercial property asks $441/SF to buy and $15.50/SF/Yr to lease.
Market Trends
Spruce Pine, NC spans 71.8 square miles in Mitchell County, North Carolina. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Spruce Pine, 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 Spruce Pine, NC runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Spruce Pine, 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 Spruce Pine, NC runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Market overview
Demographics & Economy
Spruce Pine, NC has 10,635 residents in 4,949 households. Density runs 148 people per square mile. Median household income here is $62,399 and median gross rent $686 a month.
10,635
Population
4,949
Households
2.1
Avg Household Size
45
Median Age
19%
College-Educated
88%
High-School Grad
71.8 sq mi
ZIP Area
148
Density / Sq Mi
$62,399
Median Household Income
$36,774
Median Earnings
$686
Median Rent
$206,300
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Spruce Pine?
Commercial property in Spruce Pine, NC asks an average of $441 per square foot.
How much does it cost to lease commercial space in Spruce Pine?
Asking lease rates in Spruce Pine, NC average $15.50 per square foot per year.
Where does Realmo's Spruce Pine market data come from?
Realmo compiles Spruce Pine, NC figures from 6 recent recorded sales, 43 active sale listings, 4 active lease listings, 514 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 43 active for-sale and 4 active for-lease listings in Spruce Pine, 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.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 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 30 September 2026 · report a data issue
