Commercial Real Estate Market in Wilmington, NC
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
244 active listings and 5,897 off-market properties in Wilmington, NC. Commercial property asks $266/SF to buy and $31.76/SF/Yr to lease.
Market Trends
Wilmington, NC spans 154.5 square miles in New Hanover County, North Carolina. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Wilmington, NC has a median asking sale price of $274/SF. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail space in Wilmington, NC has a median asking sale price of $317/SF (based on 7 listings). Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial space in Wilmington, NC has a median asking sale price of $278/SF (based on 4 listings). Vacancy runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Multifamily
Multifamily space in Wilmington, NC has a median asking sale price of $255/SF. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 59.7%
- Mixed use 12.1%
- Industrial 10.5%
- Commercial 9.2%
- Civic 7.7%
- Open space 0.1%
Largest Zones share of zoned land by district
Wilmington, NC zones 34,004 acres across 25 districts. Commercial zoning covers 9.2% of zoned land, residential 59.7%, open space 0.1% and industrial 10.5%. The largest single district is Moderate Density Single Dwelling at 30.5%. For commercial buyers the practical constraint is that only 19.8% of land carries a commercial or industrial designation.
ATIONS Sec. 18-173. - Introduction. Sec. 18-174. - Exceptions to area and height standards. Sec. 18-175. - Zoning affects use of land and structures. Sec. 18-176. - Number of principal buildings on a lot. Sec. 18-177. - R-20, Residential District. Sec. 18-178. - R-15, Residential District. Sec. 18-179. - R-10, Residential District. Sec. 18-180. - R-7, Reside…
Market overview
Demographics & Economy
Wilmington, NC has 207,386 residents in 103,017 households. Density runs 1,343 people per square mile. Median household income here is $74,531 and median gross rent $1,402 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Wilmington?
How much does it cost to lease commercial space in Wilmington?
What zoning applies to commercial property in Wilmington?
Where does Realmo's Wilmington market data come from?
Methodology & data sources
- Asking prices and medians
- There are 118 active for-sale and 126 active for-lease listings in Wilmington, NC. The medians are based on 64 of the for-sale and 22 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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: 34,004 zoned acres across 25 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
