Commercial Real Estate Market in Bedford, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
84 active listings and 404 off-market properties in Bedford, VA.
Market Trends
Bedford, VA spans 229.9 square miles in Bedford County, Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Bedford, 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 Bedford, VA runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Bedford, 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 Bedford, 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
- Residential 54.8%
- Industrial 20.7%
- Commercial 20%
- Civic 2.2%
- Open space 1.3%
- Mixed use 0.9%
Largest Zones share of zoned land by district
Single Family Residential
General Business
Manufacturing
Medium Density Residential
High Density Residential
Bedford, VA zones 6,442 acres across 15 districts. Commercial zoning covers 20% of zoned land, residential 54.8%, open space 1.3% and industrial 20.7%. The largest single district is Single Family Residential at 50.8%. For commercial buyers the practical constraint is that only 40.7% of land carries a commercial or industrial designation.
Single Family Residential (R-1)
R-1district provides appropriate areas for low density single-family residential development and promotes a suitable residential environment with necessary community facilities and services. The district is intended to preserve the predominant character of established neighborhoods with relatively large lots and to afford protection from encroachment by pote…
Market overview
Demographics & Economy
Bedford, VA has 18,992 residents in 9,729 households. Density runs 83 people per square mile. Median household income here is $70,074 and median gross rent $839 a month.
18,992
Population
9,729
Households
2
Avg Household Size
48
Median Age
25%
College-Educated
90%
High-School Grad
229.9 sq mi
ZIP Area
83
Density / Sq Mi
$70,074
Median Household Income
$42,500
Median Earnings
$839
Median Rent
$227,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Lowry | — | — |
| Goode | — | — |
| Thaxton | — | — |
| Montvale | — | — |
Commercial property in Bedford, VA asks $2/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Bedford?
Commercial property in Bedford, VA asks an average of $2 per square foot. The 3 most recent recorded sales traded at a median of $142/SF.
What zoning applies to commercial property in Bedford?
Bedford, VA zones 6,442 acres across 15 districts, of which 20% is commercial and 20.7% industrial. The largest single district is Single Family Residential at 50.8% of zoned land. R-1district provides appropriate areas for low density single-family residential development and promotes a suitable residential environment with necessary community facilities and services. The district is intended to preserve the predominant character of established neighborhoods with relatively large lots and to afford protection from encroachment by pote… Residential zoning covers 54.8% and open space 1.3%.
Where does Realmo's Bedford market data come from?
Realmo compiles Bedford, VA figures from 5 recent recorded sales, 81 active sale listings, 3 active lease listings, 404 tracked off-market properties, the current Bedford zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 81 active for-sale and 3 active for-lease listings in Bedford, 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: 6,442 zoned acres across 15 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
