Commercial Real Estate Market in Washington, NC
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
113 active listings and 814 off-market properties in Washington, NC. Commercial property asks $11/SF to buy and $9.28/SF/Yr to lease.
Market Trends
Washington, NC spans 176.1 square miles in Beaufort County, North Carolina. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Washington, 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 Washington, NC runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Washington, 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 Washington, 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 73.9%
- Industrial 8.7%
- Agricultural 6.5%
- Commercial 6%
- Civic 2.7%
- Planned_development 1.5%
- Open space 0.7%
Largest Zones share of zoned land by district
Residential Agricultural District
Residential Single Family District
Airport District
Heavy Industrial District
General Business District
Washington, NC zones 17,616 acres across 19 districts. Commercial zoning covers 6% of zoned land, residential 73.9%, open space 0.7% and industrial 8.7%. The largest single district is Residential Agricultural District at 54.8%. For commercial buyers the practical constraint is that only 14.7% of land carries a commercial or industrial designation.
Residential Agricultural District (RA20)
Sec. 40-76. - RA20 Residential Agricultural District. The RA20 Residential Agricultural District is primarily designed to accommodate a compatible mixture of single-family dwellings and agricultural uses at lower densities of approximately two (2) units or less per acre. These areas are generally found in areas without sewer service that are not yet appropri…
Market overview
Demographics & Economy
Washington, NC has 26,054 residents in 12,956 households. Density runs 148 people per square mile. Median household income here is $52,694 and median gross rent $847 a month.
26,054
Population
12,956
Households
2
Avg Household Size
45
Median Age
21%
College-Educated
87%
High-School Grad
176.1 sq mi
ZIP Area
148
Density / Sq Mi
$52,694
Median Household Income
$36,058
Median Earnings
$847
Median Rent
$184,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Chocowinity | — | $30.48 |
| Grimesland | — | — |
| Pactolus | — | — |
| Pinetown | — | — |
Commercial property in Washington, NC asks $11/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Washington?
Commercial property in Washington, NC asks an average of $11 per square foot.
How much does it cost to lease commercial space in Washington?
Asking lease rates in Washington, NC average $9.28 per square foot per year.
What zoning applies to commercial property in Washington?
Washington, NC zones 17,616 acres across 19 districts, of which 6% is commercial and 8.7% industrial. The largest single district is Residential Agricultural District at 54.8% of zoned land. Sec. 40-76. - RA20 Residential Agricultural District. The RA20 Residential Agricultural District is primarily designed to accommodate a compatible mixture of single-family dwellings and agricultural uses at lower densities of approximately two (2) units or less per acre. These areas are generally found in areas without sewer service that are not yet appropri… Residential zoning covers 73.9% and open space 0.7%.
Where does Realmo's Washington market data come from?
Realmo compiles Washington, NC figures from 5 recent recorded sales, 105 active sale listings, 8 active lease listings, 814 tracked off-market properties, the current Washington zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 105 active for-sale and 8 active for-lease listings in Washington, 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: 17,616 zoned acres across 19 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
