Commercial Real Estate Market in Broadway, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
42 active listings and 252 off-market properties in Broadway, VA.
Market Trends
Broadway, VA spans 70.9 square miles in Rockingham County, Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Broadway, 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 Broadway, VA runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Broadway, 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 Broadway, 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
- Civic 52.3%
- Industrial 28.7%
- Commercial 11.3%
- Planned_development 7.4%
- Residential 0.3%
Largest Zones share of zoned land by district
Low Density Residential District
Single And Two Family Residential
General Business
Planned Unit Development
Medium Density Residential
Planned Unit Development (R-5)
Development District R-5 is to provide for larger scaled development and clustering of single-family residential dwelling units through design innovation to provide for a neighborhood with a variety of housing types and densities, neighborhood shopping facilities, schools, parks, playgrounds, off -street parking and, where necessary, land reserved to provide…
Market overview
Demographics & Economy
Broadway, VA has 9,083 residents in 3,957 households. Density runs 128 people per square mile. Median household income here is $70,598 and median gross rent $1,005 a month.
9,083
Population
3,957
Households
2.3
Avg Household Size
41
Median Age
25%
College-Educated
85%
High-School Grad
70.9 sq mi
ZIP Area
128
Density / Sq Mi
$70,598
Median Household Income
$40,829
Median Earnings
$1,005
Median Rent
$249,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Timberville | — | — |
| Lacey Spring | — | — |
| Linville | — | — |
| Fulks Run | — | — |
Commercial property in Broadway, VA asks $184/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Broadway?
Commercial property in Broadway, VA asks an average of $184 per square foot.
Where does Realmo's Broadway market data come from?
Realmo compiles Broadway, VA figures from 8 recent recorded sales, 38 active sale listings, 4 active lease listings, 252 tracked off-market properties, the current Broadway zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 38 active for-sale and 4 active for-lease listings in Broadway, 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: 1,542 zoned acres across 10 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
