Commercial Real Estate Market in Chesterfield, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
84 active listings and 298 off-market properties in Chesterfield, VA. Commercial property asks $8,886/SF to buy and $34.00/SF/Yr to lease.
Market Trends
Chesterfield, VA spans 140.3 square miles in Chesterfield County, Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Chesterfield, 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 Chesterfield, VA runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Chesterfield, 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 Chesterfield, 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
Chesterfield, VA has 56,637 residents in 20,591 households. Density runs 404 people per square mile. Median household income here is $111,735 and median gross rent $1,732 a month.
56,637
Population
20,591
Households
2.8
Avg Household Size
41
Median Age
41%
College-Educated
95%
High-School Grad
140.3 sq mi
ZIP Area
404
Density / Sq Mi
$111,735
Median Household Income
$52,354
Median Earnings
$1,732
Median Rent
$363,790
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Beach | — | — |
| Midlothian | — | — |
| Moseley | — | — |
| Church Road | — | — |
Commercial property in Chesterfield, VA asks $8,886/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Chesterfield?
Commercial property in Chesterfield, VA asks an average of $8,886 per square foot. The 3 most recent recorded sales traded at a median of $66/SF, so asking sits 13394% above the achieved median.
How much does it cost to lease commercial space in Chesterfield?
Asking lease rates in Chesterfield, VA average $34.00 per square foot per year.
Where does Realmo's Chesterfield market data come from?
Realmo compiles Chesterfield, VA figures from 4 recent recorded sales, 73 active sale listings, 11 active lease listings, 298 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 73 active for-sale and 11 active for-lease listings in Chesterfield, 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, industrial vacancy is reported at South region level and asking prices run materially above recent closed pricing.
- 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
