Commercial Real Estate Market in Gate City, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
21 active listings and 384 off-market properties in Gate City, VA.
Market Trends
Gate City, VA spans 117.2 square miles in Scott County, Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Gate City, VA runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail space in Gate City, VA asks $82/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 Gate City, 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 Gate City, 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
Gate City, VA has 8,405 residents in 4,388 households. Density runs 72 people per square mile. Median household income here is $44,990 and median gross rent $643 a month.
8,405
Population
4,388
Households
1.9
Avg Household Size
48
Median Age
19%
College-Educated
89%
High-School Grad
117.2 sq mi
ZIP Area
72
Density / Sq Mi
$44,990
Median Household Income
$41,875
Median Earnings
$643
Median Rent
$133,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Weber City | — | — |
| Snowflake | — | — |
| Hiltons | — | — |
| Kingsport | — | $19.02 |
Commercial property in Gate City, VA asks $21/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Gate City?
Commercial property in Gate City, VA asks an average of $21 per square foot. The 6 most recent recorded sales traded at a median of $63/SF. Retail carries the highest asking price at $82/SF.
Where does Realmo's Gate City market data come from?
Realmo compiles Gate City, VA figures from 7 recent recorded sales, 21 active sale listings, 384 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 21 active for-sale and 0 active for-lease listings in Gate City, 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
