Commercial Real Estate Market in Danville, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
80 active listings and 2,423 off-market properties in Danville, VA. Commercial property asks $53/SF to buy and $4.20/SF/Yr to lease.
Market Trends
Danville, VA spans 150.2 square miles in Danville County, Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Danville, 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 Danville, VA runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Danville, 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 Danville, 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
- Residential 40.5%
- Commercial 39.2%
- Industrial 20.1%
Largest Zones share of zoned land by district
Old Town Residential
Suburban Residential
Threshold Residential
Light Economic Development Industrial
Highway Retail Commercial
Danville, VA zones 28,031 acres across 18 districts. Commercial zoning covers 39.2% of zoned land, residential 40.5% and industrial 20.1%. The largest single district is Old Town Residential at 23.8%. For commercial buyers the practical constraint is that only 59.3% of land carries a commercial or industrial designation.
Light Economic Development Industrial (LED-I)
CB Community Business Zone N-C Neighborhood Commercial 41.2.I. HB Highway Business Zone HR-C Highway Retail Commercial 41.2.J. IS Institutional Zone TO-C Transitional Office 41.2.K. IM Innovation and Manufacturing Zone LED-I Light Economic Development CP-1 Cyber Park One M-I Industrial District 41.2.L. EGD Entertainment and Gaming District C-E Casino Enterta…
Market overview
Demographics & Economy
Danville, VA has 59,623 residents in 30,298 households. Density runs 397 people per square mile. Median household income here is $48,170 and median gross rent $823 a month.
59,623
Population
30,298
Households
2
Avg Household Size
44
Median Age
19%
College-Educated
87%
High-School Grad
150.2 sq mi
ZIP Area
397
Density / Sq Mi
$48,170
Median Household Income
$35,069
Median Earnings
$823
Median Rent
$140,883
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Ringgold | — | — |
| Providence | — | — |
| Blanch | — | — |
| Pelham | — | — |
Commercial property in Danville, VA asks $53/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Danville?
Commercial property in Danville, VA asks an average of $53 per square foot. The 4 most recent recorded sales traded at a median of $119/SF.
How much does it cost to lease commercial space in Danville?
Asking lease rates in Danville, VA average $4.20 per square foot per year.
What zoning applies to commercial property in Danville?
Danville, VA zones 28,031 acres across 18 districts, of which 39.2% is commercial and 20.1% industrial. The largest single district is Old Town Residential at 23.8% of zoned land. Residential zoning covers 40.5% and open space 0%.
Where does Realmo's Danville market data come from?
Realmo compiles Danville, VA figures from 5 recent recorded sales, 71 active sale listings, 9 active lease listings, 2,423 tracked off-market properties, the current Danville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 71 active for-sale and 9 active for-lease listings in Danville, 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: 28,031 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 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
