Commercial Real Estate Market in Abingdon, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
107 active listings and 1,012 off-market properties in Abingdon, VA. Commercial property asks $9/SF to buy and $14.93/SF/Yr to lease.
Market Trends
Abingdon, VA spans 214.3 square miles in Washington County, Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Abingdon, VA asks $200/SF to buy. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Retail
Retail space in Abingdon, VA asks $201/SF to buy. Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Industrial
Industrial vacancy in Abingdon, VA 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 space in Abingdon, VA asks $138/SF to buy. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 47.2%
- Agricultural 22.7%
- Commercial 18.9%
- Civic 4.3%
- Industrial 3.5%
- Special 2.9%
- Planned_development 0.5%
Largest Zones share of zoned land by district
High Density Residential
Agricultural Forestal And Open Space
General Business
Medium Density Residential
Low Density Residential
High Density Residential (R-3)
R-3 - High-Density Residential. The purpose of the R-3 - High-Density Residential district is to encourage diversity in housing opportunities at higher densities, as well as certain compatible public and semipublic land uses. This District should provide a high-quality residential environment in areas that have excellent transportation access and are well-se…
Market overview
Demographics & Economy
Abingdon, VA has 27,148 residents in 12,858 households. Density runs 127 people per square mile. Median household income here is $71,159 and median gross rent $863 a month.
27,148
Population
12,858
Households
2.1
Avg Household Size
47
Median Age
31%
College-Educated
91%
High-School Grad
214.3 sq mi
ZIP Area
127
Density / Sq Mi
$71,159
Median Household Income
$42,407
Median Earnings
$863
Median Rent
$230,177
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Osceola | — | — |
| Meadowview | — | — |
| Emory | — | — |
| Damascus | — | — |
Commercial property in Abingdon, VA asks $9/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Abingdon?
Commercial property in Abingdon, VA asks an average of $9 per square foot. The 3 most recent recorded sales traded at a median of $121/SF. Retail carries the highest asking price at $201/SF.
How much does it cost to lease commercial space in Abingdon?
Asking lease rates in Abingdon, VA average $14.93 per square foot per year.
Where does Realmo's Abingdon market data come from?
Realmo compiles Abingdon, VA figures from 8 recent recorded sales, 93 active sale listings, 14 active lease listings, 1,012 tracked off-market properties, the current Abingdon zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 93 active for-sale and 14 active for-lease listings in Abingdon, VA. 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: 5,113 zoned acres across 13 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
