Commercial Real Estate Market in Elk Creek, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
4 active listings and 17 off-market properties in Elk Creek, VA.
Market Trends
Elk Creek, VA spans 51.7 square miles in Grayson County, Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Elk Creek, 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 Elk Creek, VA runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Elk Creek, 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 Elk Creek, 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
Elk Creek, VA has 1,019 residents in 513 households. Density runs 20 people per square mile. Median household income here is $36,375.
1,019
Population
513
Households
2
Avg Household Size
56
Median Age
14%
College-Educated
88%
High-School Grad
51.7 sq mi
ZIP Area
20
Density / Sq Mi
$36,375
Median Household Income
$34,300
Median Earnings
$0
Median Rent
$155,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Comers Rock | — | — |
| Speedwell | — | — |
| Independence | — | — |
| Cripple Creek | — | — |
Commercial property in Elk Creek, VA asks $2,917/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Elk Creek?
Commercial property in Elk Creek, VA asks an average of $2,917 per square foot.
Methodology & data sources
- Asking prices and averages
- Computed from 4 active for-sale and 0 active for-lease listings in Elk Creek, 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
