Commercial Real Estate Market in Chatham, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
11 active listings and 291 off-market properties in Chatham, VA.
Market Trends
Chatham, VA spans 196.9 square miles in Pittsylvania County, Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Chatham, 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 Chatham, VA runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Chatham, 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 Chatham, 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
- Industrial 46.1%
- Residential 44.7%
- Commercial 8.6%
- Open space 0.7%
Largest Zones share of zoned land by district
Residential Single Unit
Manufacturing And Industrial
Residential
Business Commercial
Residential Apartments
Chatham, VA zones 1,262 acres across 7 districts. Commercial zoning covers 8.6% of zoned land, residential 44.7%, open space 0.7% and industrial 46.1%. The largest single district is Residential Single Unit at 43.5%. For commercial buyers the practical constraint is that only 54.7% of land carries a commercial or industrial designation.
Residential Single Unit (A-1)
The purpose of this district is to promote Single detached residence for not more than one family or one housekeeping unit, unless the owner or lessee occupies a portion thereof as a residence for his or her personal use, and in no case more than three housekeeping units
Market overview
Demographics & Economy
Chatham, VA has 8,836 residents in 3,994 households. Density runs 45 people per square mile. Median household income here is $46,706 and median gross rent $773 a month.
8,836
Population
3,994
Households
2.2
Avg Household Size
47
Median Age
16%
College-Educated
83%
High-School Grad
196.9 sq mi
ZIP Area
45
Density / Sq Mi
$46,706
Median Household Income
$32,062
Median Earnings
$773
Median Rent
$149,400
Median Home Value
Tools
Nearby Markets
Frequently Asked Questions
What zoning applies to commercial property in Chatham?
Chatham, VA zones 1,262 acres across 7 districts, of which 8.6% is commercial and 46.1% industrial. The largest single district is Residential Single Unit at 43.5% of zoned land. The purpose of this district is to promote Single detached residence for not more than one family or one housekeeping unit, unless the owner or lessee occupies a portion thereof as a residence for his or her personal use, and in no case more than three housekeeping units Residential zoning covers 44.7% and open space 0.7%.
Where does Realmo's Chatham market data come from?
Realmo compiles Chatham, VA figures from 6 recent recorded sales, 11 active sale listings, 291 tracked off-market properties, the current Chatham zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 11 active for-sale and 0 active for-lease listings in Chatham, 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: 1,262 zoned acres across 7 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
