Commercial Real Estate Market in Burke, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
24 active listings and 584 off-market properties in Burke, VA. Commercial property asks $31/SF to buy and $13.44/SF/Yr to lease.
Market Trends
Burke, VA spans 8.5 square miles in Fairfax County, Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Burke, 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 Burke, VA runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Burke, 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 Burke, VA runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Market overview
Demographics & Economy
Burke, VA has 43,941 residents in 15,132 households. Density runs 5,178 people per square mile. Median household income here is $166,016 and median gross rent $2,441 a month.
43,941
Population
15,132
Households
2.9
Avg Household Size
41
Median Age
66%
College-Educated
95%
High-School Grad
8.5 sq mi
ZIP Area
5,178
Density / Sq Mi
$166,016
Median Household Income
$70,767
Median Earnings
$2,441
Median Rent
$666,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| West Springfield | — | — |
| Fairfax Station | — | — |
| Springfield | — | — |
| North Springfield | — | — |
Commercial property in Burke, VA asks $31/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Burke?
Commercial property in Burke, VA asks an average of $31 per square foot. The 7 most recent recorded sales traded at a median of $12,255/SF.
How much does it cost to lease commercial space in Burke?
Asking lease rates in Burke, VA average $13.44 per square foot per year.
Where does Realmo's Burke market data come from?
Realmo compiles Burke, VA figures from 8 recent recorded sales, 15 active sale listings, 9 active lease listings, 584 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 15 active for-sale and 9 active for-lease listings in Burke, 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.
- 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
