Commercial Real Estate Market in Charlottesville, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
136 active listings and 2,423 off-market properties in Charlottesville, VA. Commercial property asks $287/SF to buy (based on 7 listings) and $12.00/SF/Yr to lease (based on 7 listings).
Market Trends
Charlottesville, VA spans 237.1 square miles in Albemarle County, Virginia. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Charlottesville, VA runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail vacancy in Charlottesville, VA runs 5.4% across the South region in 2025, down from 7% in 2020.
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%.
Multifamily
Multifamily vacancy in Charlottesville, 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 53.9%
- Civic 23.5%
- Mixed use 22.6%
Largest Zones share of zoned land by district
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.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Charlottesville?
How much does it cost to lease commercial space in Charlottesville?
Where does Realmo's Charlottesville market data come from?
Methodology & data sources
- Asking prices and medians
- There are 44 active for-sale and 92 active for-lease listings in Charlottesville, VA. The medians are based on 7 of the for-sale and 7 of the for-lease listings, those that state a price or rent per square foot. 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: 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 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
