Commercial Real Estate Market in Charlottesville, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
227 active listings and 2,423 off-market properties in Charlottesville, VA. Commercial property asks $448/SF to buy and $19.58/SF/Yr to lease.
Market Trends
Charlottesville, VA spans 237.1 square miles in Albemarle County, Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Charlottesville, 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 Charlottesville, VA runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Charlottesville, 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 Charlottesville, 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 53.9%
- Civic 23.5%
- Mixed use 22.6%
Largest Zones share of zoned land by district
Residential A
Civic
Residential B
Campus
Node Mixed Use 10
Residential A (R-A)
R-A Residential A RN-A Residential Core Neighborhood A R-B Residential B R-C Residential C RESIDENTIAL MIXED USE RX-3 Residential Mixed Use 3 RX-5 Residential Mixed Use 5 CORRIDOR MIXED USE CX-3 Corridor Mixed Use 3 CX-5 Corridor Mixed Use 5 CX-8 Corridor Mixed Use 8 NODE MIXED USE NX-3 Node Mixed Use 3 NX-5 Node Mixed Use 5 NX-8 Node Mixed Use 8 NX-10 Node…
Market overview
Demographics & Economy
Charlottesville, VA has 125,718 residents in 55,699 households. Density runs 530 people per square mile. Median household income here is $93,030 and median gross rent $1,582 a month.
125,718
Population
55,699
Households
2.3
Avg Household Size
33
Median Age
62%
College-Educated
95%
High-School Grad
237.1 sq mi
ZIP Area
530
Density / Sq Mi
$93,030
Median Household Income
$46,695
Median Earnings
$1,582
Median Rent
$464,073
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Shadwell | — | — |
| Ivy | — | — |
| Keswick | — | — |
| Earlysville | — | — |
Commercial property in Charlottesville, VA asks $448/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Charlottesville?
Commercial property in Charlottesville, VA asks an average of $448 per square foot. The 7 most recent recorded sales traded at a median of $274/SF, so asking sits 64% above the achieved median.
How much does it cost to lease commercial space in Charlottesville?
Asking lease rates in Charlottesville, VA average $19.58 per square foot per year.
Where does Realmo's Charlottesville market data come from?
Realmo compiles Charlottesville, VA figures from 8 recent recorded sales, 131 active sale listings, 96 active lease listings, 2,423 tracked off-market properties, the current Charlottesville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 131 active for-sale and 96 active for-lease listings in Charlottesville, 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: 5,488 zoned acres across 18 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
