Commercial Real Estate Market in Glasgow, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
1 active listing and 69 off-market properties in Glasgow, VA.
Market Trends
Glasgow, VA spans 22.9 square miles in Rockbridge County, Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Glasgow, 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 Glasgow, VA runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Glasgow, 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 Glasgow, 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 70.5%
- Industrial 22.3%
- Commercial 7.2%
Largest Zones share of zoned land by district
Residential
Limited Industrial
Commercial
Residential
Residential
Glasgow, VA zones 988 acres across 5 districts. Commercial zoning covers 7.2% of zoned land, residential 70.5% and industrial 22.3%. The largest single district is Residential at 70.5%. For commercial buyers the practical constraint is that only 29.5% of land carries a commercial or industrial designation.
Residential (R-1)
This district is composed of certain low or medium concentration of residential uses plus certain open areas where similar development appears likely to occur. The regulations for this district are designed to stabilize and protect the essential characteristics of the district and to promote and encourage, insofar as compatible with the intensity of land use…
Market overview
Demographics & Economy
Glasgow, VA has 2,012 residents in 1,127 households. Density runs 88 people per square mile. Median household income here is $53,816 and median gross rent $708 a month.
2,012
Population
1,127
Households
1.8
Avg Household Size
45
Median Age
17%
College-Educated
89%
High-School Grad
22.9 sq mi
ZIP Area
88
Density / Sq Mi
$53,816
Median Household Income
$40,115
Median Earnings
$708
Median Rent
$165,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Natural Bridge Station | — | — |
| Snowden | — | — |
| Natural Bridge | — | — |
| Big Island | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Glasgow?
Glasgow, VA zones 988 acres across 5 districts, of which 7.2% is commercial and 22.3% industrial. The largest single district is Residential at 70.5% of zoned land. This district is composed of certain low or medium concentration of residential uses plus certain open areas where similar development appears likely to occur. The regulations for this district are designed to stabilize and protect the essential characteristics of the district and to promote and encourage, insofar as compatible with the intensity of land use… Residential zoning covers 70.5% and open space 0%.
Where does Realmo's Glasgow market data come from?
Realmo compiles Glasgow, VA figures from 1 active sale listings, 69 tracked off-market properties, the current Glasgow zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 1 active for-sale and 0 active for-lease listings in Glasgow, 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: 988 zoned acres across 5 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
