Commercial Real Estate Market in Galax, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
92 active listings and 679 off-market properties in Galax, VA.
Market Trends
Galax, VA spans 144.9 square miles in Galax County, Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Galax, 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 Galax, VA runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Galax, 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 Galax, 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 76%
- Commercial 12.3%
- Industrial 10.5%
- Civic 1.2%
Largest Zones share of zoned land by district
Residential Low Density
Residential Medium Density
Business General
Industrial Heavy
Industrial Light
Galax, VA zones 5,272 acres across 12 districts. Commercial zoning covers 12.3% of zoned land, residential 76% and industrial 10.5%. The largest single district is Residential Low Density at 37.8%. For commercial buyers the practical constraint is that only 22.8% of land carries a commercial or industrial designation.
Industrial Light (M1)
Height. § 160-98 Sidewalks. Article XI Business Medical (B-3) District § 160-99 Purpose. § 160-100 Permitted uses. § 160-101 Setbacks. § 160-102 Frontage. § 160-103 Yards. § 160-104 Height. Article XII Industrial Light (M-1) District § 160-105 Purpose. § 160-106 Permitted uses. § 160-107 Conditional uses. § 160-108 Area. § 160-109 Setbacks. § 160-110 Frontag…
Market overview
Demographics & Economy
Galax, VA has 17,309 residents in 9,029 households. Density runs 119 people per square mile. Median household income here is $47,539 and median gross rent $713 a month.
17,309
Population
9,029
Households
1.9
Avg Household Size
46
Median Age
16%
College-Educated
83%
High-School Grad
144.9 sq mi
ZIP Area
119
Density / Sq Mi
$47,539
Median Household Income
$34,297
Median Earnings
$713
Median Rent
$135,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Meadowcreek | — | — |
| Fries | — | — |
| Stevens Creek | — | — |
| Woodlawn | — | — |
Commercial property in Galax, VA asks $139/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Galax?
Commercial property in Galax, VA asks an average of $139 per square foot.
What zoning applies to commercial property in Galax?
Galax, VA zones 5,272 acres across 12 districts, of which 12.3% is commercial and 10.5% industrial. The largest single district is Residential Low Density at 37.8% of zoned land. Residential zoning covers 76% and open space 0%.
Where does Realmo's Galax market data come from?
Realmo compiles Galax, VA figures from 6 recent recorded sales, 87 active sale listings, 5 active lease listings, 679 tracked off-market properties, the current Galax zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 87 active for-sale and 5 active for-lease listings in Galax, 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: 5,272 zoned acres across 12 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
