Cary, NC
Commercial Real Estate Market Trends & Data

$359 Avg asking sale price
$30 Avg asking lease rate
17,606 SF Avg unit lease size
17,449 SF Avg building size for sale
6.27% Average cap rate

Cary's Demographic Profile

Cary has 69,481 households and a median income of $121,486, providing context for rent absorption and tenant demand across retail and multifamily assets. A +7% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 181,195
# Households 69,481
Median age 41
Median household income $121,486
Avg household size 3.0
Renter-occupied housing units 25,395
5-year population change +7%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Cary, NC

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Cary $379 10,081 SF 7.23%
Apex $616 5,211 SF 5.20%
Morrisville $330 59,819 SF 6.50%
Raleigh $404 12,356 SF 7.23%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Cary $386 42,685 SF 6.75%
Apex $322 60,184 SF 6.75%
Raleigh $291 19,071 SF 7.65%
Nearby Retail Markets Avg Cost/SF Typical Size
Cary $412 12,335 SF
Apex $431 7,630 SF
Morrisville $478 13,775 SF
Raleigh $457 8,999 SF
Durham $451 13,409 SF

Commercial Properties For Sale in Cary

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

1021 Classic Rd

Apex, NC 27539

  • 24,600 SF Flex Building
  • $7,626,000
For Sale

Lake Johnson Quadplex

Raleigh, NC 27606

  • 3,981 SF Multifamily
  • $699,999
For Sale

7406 Chapel Hill Road Office Center

Raleigh, NC 27607

  • 10,010 SF Office Building
  • $255,000
For Sale

5911 Family Farm Road

Morrisville, NC 27560

  • 2.10 AC Lot
  • 1 Residential Income Lot
  • $995,000
For Sale

Downtown Cary Assemblage

Cary, NC

  • 6.25% Cap Rate
  • $3,900,000
For Sale

360 Ashville Ave

Cary, NC 27518

  • 5,625 SF Retail Building
  • 6.20% Cap Rate
  • $2,282,403

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

How Investors Evaluate Commercial Real Estate Markets

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Multifamily vs. Single-Family Investing ROI
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CapEx in Commercial Real Estate
CapEx in Commercial Real Estate
How to plan capital expenditures, prioritize projects, and manage risk without sacrificing returns on your commercial property investment.
Internal Rate of Return (IRR) Calculator
Internal Rate of Return (IRR) Calculator
Use this calculator to measure annualized returns, compare investment scenarios, and evaluate risk across commercial real estate deals.
What is a Ground Lease?
What is a Ground Lease?
Understanding the Nuances of Ground and Land Leases
Master Lease Strategies
Master Lease Strategies
Maximizing Control and Income with Flexible Leasing Solutions
How to Find Industrial Tenants for Your Property
How to Find Industrial Tenants for Your Property
A practical guide to finding qualified industrial tenants, from building your tenant profile to tenant screening and closing the lease.
Bonus Depreciation
Bonus Depreciation
A practical guide to using bonus depreciation to reduce tax liability, improve cash flow, and plan property improvements with timing strategies in mind.
Accelerated Depreciation in Commercial Real Estate
Accelerated Depreciation in Commercial Real Estate
Understand how accelerated depreciation works, which method fits your deal, and how to avoid the tax pitfalls that catch most investors off guard.

Nearby Commercial Markets

Comparing nearby markets helps investors see whether Cary pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Cary $359 17,449 SF
Apex $405 24,443 SF
Morrisville $488 39,315 SF
Research Triangle Park $391 94,486 SF
Raleigh $399 15,464 SF

Regional Demographic Comparison

This comparison places Cary alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Cary or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Cary 181,195 69,481 41 $121,486 3 25,395 7%
Apex 76,043 26,645 39 $132,684 3 6,586 10%
Morrisville 32,508 12,393 36 $111,942 3 6,942 9%
Raleigh 490,799 207,206 36 $75,944 2 108,302 8%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Cary, NC and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Cary

View All Commercial Real Estate For Sale in Cary
Is Cary a good market for a first-time commercial real estate investor?

Cary offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Cary?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Cary. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Cary?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Cary. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Cary compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Cary. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Cary acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Cary, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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