Commercial Real Estate Market in Waxhaw, NC
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
92 active listings and 363 off-market properties in Waxhaw, NC.
Market Trends
Waxhaw, NC spans 106.3 square miles in Union County, North Carolina. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Waxhaw, 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 Waxhaw, NC runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Waxhaw, 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 Waxhaw, 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 63%
- Commercial 16.4%
- Industrial 15.2%
- Mixed use 5.4%
Largest Zones share of zoned land by district
Single Family Residential
Single Family Residential
Employment Center
Single Family Residential
Neighborhood Center
Waxhaw, NC zones 7,857 acres across 11 districts. Commercial zoning covers 16.4% of zoned land, residential 63% and industrial 15.2%. The largest single district is Single Family Residential at 42.2%. For commercial buyers the practical constraint is that only 31.6% of land carries a commercial or industrial designation.
Single Family Residential (R3)
R-3 Residential zoning allows for the development of single family detached homes at a rate of 3 units per acre in a pattern that is in harmony with the existing residential subdivisions found throughout the town. R-3 is intended to provide traditional suburban housing while encouraging the clustering of homes to promote the preservation of trees, open space…
Market overview
Demographics & Economy
Waxhaw, NC has 64,144 residents in 20,801 households. Density runs 603 people per square mile. Median household income here is $146,196 and median gross rent $1,700 a month.
64,144
Population
20,801
Households
3.1
Avg Household Size
39
Median Age
57%
College-Educated
95%
High-School Grad
106.3 sq mi
ZIP Area
603
Density / Sq Mi
$146,196
Median Household Income
$59,188
Median Earnings
$1,700
Median Rent
$558,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Mineral Springs | — | — |
| Marvin | — | — |
| Indian Land | — | — |
| Weddington | — | — |
Commercial property in Waxhaw, NC asks $1,062/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Waxhaw?
Commercial property in Waxhaw, NC asks an average of $1,062 per square foot. The 3 most recent recorded sales traded at a median of $379/SF, so asking sits 180% above the achieved median.
What zoning applies to commercial property in Waxhaw?
Waxhaw, NC zones 7,857 acres across 11 districts, of which 16.4% is commercial and 15.2% industrial. The largest single district is Single Family Residential at 42.2% of zoned land. R-3 Residential zoning allows for the development of single family detached homes at a rate of 3 units per acre in a pattern that is in harmony with the existing residential subdivisions found throughout the town. R-3 is intended to provide traditional suburban housing while encouraging the clustering of homes to promote the preservation of trees, open space… Residential zoning covers 63% and open space 0%.
Where does Realmo's Waxhaw market data come from?
Realmo compiles Waxhaw, NC figures from 5 recent recorded sales, 85 active sale listings, 7 active lease listings, 363 tracked off-market properties, the current Waxhaw zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 85 active for-sale and 7 active for-lease listings in Waxhaw, 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: 7,857 zoned acres across 11 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
