Commercial Real Estate Market in Damascus, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
12 active listings and 113 off-market properties in Damascus, VA. Commercial property asks $16/SF to buy and $10.00/SF/Yr to lease.
Market Trends
Damascus, VA spans 59.9 square miles in Washington County, Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Damascus, VA asks $200/SF to buy. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Retail
Retail space in Damascus, VA asks $201/SF to buy. Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Industrial
Industrial vacancy in Damascus, 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 space in Damascus, VA asks $138/SF to buy. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 67.6%
- Commercial 31.1%
- Industrial 1.3%
Largest Zones share of zoned land by district
Single Family Residential
General Commercial
Single And Multifamily Site Plan Residential
Core Commercial
Industrial
Damascus, VA zones 536 acres across 6 districts. Commercial zoning covers 31.1% of zoned land, residential 67.6% and industrial 1.3%. The largest single district is Single Family Residential at 45.3%. For commercial buyers the practical constraint is that only 32.4% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Damascus, VA has 2,984 residents in 1,716 households. Density runs 50 people per square mile. Median household income here is $33,846 and median gross rent $728 a month.
2,984
Population
1,716
Households
1.7
Avg Household Size
49
Median Age
19%
College-Educated
81%
High-School Grad
59.9 sq mi
ZIP Area
50
Density / Sq Mi
$33,846
Median Household Income
$29,981
Median Earnings
$728
Median Rent
$139,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Laurel Bloomery | — | — |
| Osceola | — | — |
| Grayson | — | — |
| Whitetop | — | — |
Commercial property in Damascus, VA asks $16/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Damascus?
Commercial property in Damascus, VA asks an average of $16 per square foot. The 4 most recent recorded sales traded at a median of $97/SF. Retail carries the highest asking price at $201/SF.
How much does it cost to lease commercial space in Damascus?
Asking lease rates in Damascus, VA average $10.00 per square foot per year.
What zoning applies to commercial property in Damascus?
Damascus, VA zones 536 acres across 6 districts, of which 31.1% is commercial and 1.3% industrial. The largest single district is Single Family Residential at 45.3% of zoned land. Residential zoning covers 67.6% and open space 0%.
Where does Realmo's Damascus market data come from?
Realmo compiles Damascus, VA figures from 7 recent recorded sales, 10 active sale listings, 2 active lease listings, 113 tracked off-market properties, the current Damascus zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 10 active for-sale and 2 active for-lease listings in Damascus, 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: 536 zoned acres across 6 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
