Commercial Real Estate Market in Chester, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
58 active listings and 1,107 off-market properties in Chester, VA. Commercial property asks $260/SF to buy and $16.25/SF/Yr to lease.
Market Trends
Chester, VA spans 50.2 square miles in Chesterfield County, Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Chester, 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 Chester, VA runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Chester, 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 Chester, 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
Chester, VA has 51,859 residents in 20,949 households. Density runs 1,032 people per square mile. Median household income here is $94,922 and median gross rent $1,578 a month.
51,859
Population
20,949
Households
2.5
Avg Household Size
39
Median Age
37%
College-Educated
94%
High-School Grad
50.2 sq mi
ZIP Area
1,032
Density / Sq Mi
$94,922
Median Household Income
$51,984
Median Earnings
$1,578
Median Rent
$311,071
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Colonial Heights | — | — |
| Hopewell | — | — |
| Ettrick | — | — |
| Varina | — | — |
Commercial property in Chester, VA asks $260/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Chester?
Commercial property in Chester, VA asks an average of $260 per square foot.
How much does it cost to lease commercial space in Chester?
Asking lease rates in Chester, VA average $16.25 per square foot per year.
Where does Realmo's Chester market data come from?
Realmo compiles Chester, VA figures from 8 recent recorded sales, 43 active sale listings, 15 active lease listings, 1,107 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 43 active for-sale and 15 active for-lease listings in Chester, 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
