Commercial Real Estate Market in Bristol, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
215 active listings and 1,284 off-market properties in Bristol, VA. Commercial property asks $15/SF to buy and $8.69/SF/Yr to lease.
Market Trends
Bristol, VA spans 138.9 square miles in Bristol County, Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Bristol, 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 Bristol, VA runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Bristol, 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 Bristol, 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 60%
- Commercial 16.2%
- Industrial 12.5%
- Agricultural 6.7%
- Civic 2.3%
Largest Zones share of zoned land by district
Single And Two Family Residential
Single Family Residential General
General Business District
General Industrial District
Single Family Residential Limited
Bristol, VA zones 7,034 acres across 23 districts. Commercial zoning covers 16.2% of zoned land, residential 60% and industrial 12.5%. The largest single district is Single And Two Family Residential at 19.1%. For commercial buyers the practical constraint is that only 28.7% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Bristol, VA has 28,983 residents in 14,408 households. Density runs 209 people per square mile. Median household income here is $50,059 and median gross rent $801 a month.
28,983
Population
14,408
Households
2
Avg Household Size
45
Median Age
23%
College-Educated
90%
High-School Grad
138.9 sq mi
ZIP Area
209
Density / Sq Mi
$50,059
Median Household Income
$37,774
Median Earnings
$801
Median Rent
$175,837
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Mendota | — | — |
| Blountville | — | — |
| Bluff City | — | — |
| Abingdon | — | $14.93 |
Commercial property in Bristol, VA asks $15/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Bristol?
Commercial property in Bristol, VA asks an average of $15 per square foot. The 7 most recent recorded sales traded at a median of $45/SF.
How much does it cost to lease commercial space in Bristol?
Asking lease rates in Bristol, VA average $8.69 per square foot per year.
What zoning applies to commercial property in Bristol?
Bristol, VA zones 7,034 acres across 23 districts, of which 16.2% is commercial and 12.5% industrial. The largest single district is Single And Two Family Residential at 19.1% of zoned land. Residential zoning covers 60% and open space 0%.
Where does Realmo's Bristol market data come from?
Realmo compiles Bristol, VA figures from 8 recent recorded sales, 184 active sale listings, 31 active lease listings, 1,284 tracked off-market properties, the current Bristol zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 184 active for-sale and 31 active for-lease listings in Bristol, 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: 7,034 zoned acres across 23 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
