Commercial Real Estate Market in Glen Allen, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
78 active listings and 763 off-market properties in Glen Allen, VA. Commercial property asks $297/SF to buy and $65.30/SF/Yr to lease.
Market Trends
Glen Allen, VA spans 61.1 square miles in Henrico County, Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Glen Allen, 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 Glen Allen, VA runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Glen Allen, 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 Glen Allen, 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
Glen Allen, VA has 78,537 residents in 30,461 households. Density runs 1,286 people per square mile. Median household income here is $130,789 and median gross rent $1,770 a month.
78,537
Population
30,461
Households
2.6
Avg Household Size
40
Median Age
61%
College-Educated
96%
High-School Grad
61.1 sq mi
ZIP Area
1,286
Density / Sq Mi
$130,789
Median Household Income
$68,446
Median Earnings
$1,770
Median Rent
$481,660
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Brookside | — | — |
| Lakeside | — | — |
| Bellevue | — | — |
| Neusons | — | — |
Commercial property in Glen Allen, VA asks $297/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Glen Allen?
Commercial property in Glen Allen, VA asks an average of $297 per square foot. The 7 most recent recorded sales traded at a median of $181/SF, so asking sits 64% above the achieved median.
How much does it cost to lease commercial space in Glen Allen?
Asking lease rates in Glen Allen, VA average $65.30 per square foot per year.
Where does Realmo's Glen Allen market data come from?
Realmo compiles Glen Allen, VA figures from 7 recent recorded sales, 24 active sale listings, 54 active lease listings, 763 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 24 active for-sale and 54 active for-lease listings in Glen Allen, 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
