Commercial Real Estate Market in Blacksburg, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
23 active listings and 972 off-market properties in Blacksburg, VA.
Market Trends
Blacksburg, VA spans 131.9 square miles in Montgomery County, Virginia. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Blacksburg, VA runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail vacancy in Blacksburg, VA runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial vacancy in Blacksburg, VA 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 vacancy in Blacksburg, VA 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 65.5%
- Commercial 17.4%
- Civic 7%
- Open space 6.7%
- Industrial 2.7%
- Mixed use 0.1%
Largest Zones share of zoned land by district
Blacksburg, VA zones 12,673 acres across 17 districts. Commercial zoning covers 17.4% of zoned land, residential 65.5%, open space 6.7% and industrial 2.7%. The largest single district is Rural Residential 1 at 42.3%. For commercial buyers the practical constraint is that only 20.1% of land carries a commercial or industrial designation.
District is to provide for residential development at a scale intended to conserve the rural character of the district
Market overview
Demographics & Economy
Blacksburg, VA has 56,591 residents in 22,920 households. Density runs 429 people per square mile. Median household income here is $63,496 and median gross rent $1,266 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Blacksburg?
What zoning applies to commercial property in Blacksburg?
Where does Realmo's Blacksburg market data come from?
Methodology & data sources
- Asking prices and medians
- There are 16 active for-sale and 7 active for-lease listings in Blacksburg, VA. The sale median is based on 3 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. 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: 12,673 zoned acres across 17 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
