Commercial Real Estate Market in Alexandria, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
447 active listings and 4,798 off-market properties in Alexandria, VA. Commercial property asks $230/SF to buy and $27.72/SF/Yr to lease.
Market Trends
Alexandria, VA spans 56.2 square miles in Loudoun County, Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Alexandria, VA runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Alexandria, VA runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Alexandria, 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 vacancy in Alexandria, VA 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
- Commercial 78.2%
- Open space 9.2%
- Mixed use 2.9%
- Industrial 2.8%
- Civic 1.1%
- Residential 0.3%
Largest Zones share of zoned land by district
Single Family
Townhouse
Single Family
Multifamily
Public Open Space And Community Recreation
Alexandria, VA zones 9,748 acres across 64 districts. Commercial zoning covers 78.2% of zoned land, residential 0.3%, open space 9.2% and industrial 2.8%. The largest single district is Single Family at 14.2%. For commercial buyers the practical constraint is that only 81% of land carries a commercial or industrial designation.
Single Family (R8)
Add dwelling typology option 1 or 2 as a permitted use in the R20, R12, R8, R5, and R2-5 sections. Delete the family definition and amend or delete any definition that refers to family. Replace single-family dwelling with single-unit dwelling; two-family dwelling with two-unit dwelling; and multi-family dwelling with multi-unit dwelling. Amend Article VII -…
Market overview
Demographics & Economy
Alexandria, VA has 350,792 residents in 155,849 households. Density runs 6,237 people per square mile. Median household income here is $124,058 and median gross rent $2,107 a month.
350,792
Population
155,849
Households
2.3
Avg Household Size
37
Median Age
61%
College-Educated
92%
High-School Grad
56.2 sq mi
ZIP Area
6,237
Density / Sq Mi
$124,058
Median Household Income
$71,955
Median Earnings
$2,107
Median Rent
$653,562
Median Home Value
Tools
Lease vs Buy Breakeven
At $27.72/SF/Yr lease vs $230/SF buy → buying wins if held > 1 years.
At a 12% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Fairfax | — | $23.93 |
| Arlington | — | $43.42 |
| Dhs | — | — |
| George Mason | — | — |
Commercial property in Alexandria, VA asks $230/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Alexandria?
Commercial property in Alexandria, VA asks an average of $230 per square foot. The 6 most recent recorded sales traded at a median of $304/SF.
How much does it cost to lease commercial space in Alexandria?
Asking lease rates in Alexandria, VA average $27.72 per square foot per year.
Is it cheaper to lease or buy commercial space in Alexandria?
Buying beats leasing in Alexandria, VA if the property is held longer than 1.0 years, comparing $27.72/SF/Yr asking rent with $230/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
What zoning applies to commercial property in Alexandria?
Alexandria, VA zones 9,748 acres across 64 districts, of which 78.2% is commercial and 2.8% industrial. The largest single district is Single Family at 14.2% of zoned land. Add dwelling typology option 1 or 2 as a permitted use in the R20, R12, R8, R5, and R2-5 sections. Delete the family definition and amend or delete any definition that refers to family. Replace single-family dwelling with single-unit dwelling; two-family dwelling with two-unit dwelling; and multi-family dwelling with multi-unit dwelling. Amend Article VII -… Residential zoning covers 0.3% and open space 9.2%.
Where does Realmo's Alexandria market data come from?
Realmo compiles Alexandria, VA figures from 7 recent recorded sales, 266 active sale listings, 181 active lease listings, 4,798 tracked off-market properties, the current Alexandria zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 266 active for-sale and 181 active for-lease listings in Alexandria, 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: 9,748 zoned acres across 64 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
