Commercial Real Estate Market in Gloucester, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
131 active listings and 690 off-market properties in Gloucester, VA. Commercial property asks $556/SF to buy and $10.63/SF/Yr to lease.
Market Trends
Gloucester, VA spans 158.0 square miles in Gloucester County, Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Gloucester, 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 Gloucester, VA runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Gloucester, 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 Gloucester, 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
Gloucester, VA has 22,256 residents in 10,045 households. Density runs 141 people per square mile. Median household income here is $91,547 and median gross rent $1,199 a month.
22,256
Population
10,045
Households
2.2
Avg Household Size
46
Median Age
28%
College-Educated
92%
High-School Grad
158 sq mi
ZIP Area
141
Density / Sq Mi
$91,547
Median Household Income
$48,392
Median Earnings
$1,199
Median Rent
$297,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Zanoni | — | — |
| Ware Neck | — | — |
| Schley | — | — |
| Bellamy | — | — |
Commercial property in Gloucester, VA asks $556/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Gloucester?
Commercial property in Gloucester, VA asks an average of $556 per square foot. The 6 most recent recorded sales traded at a median of $179/SF, so asking sits 211% above the achieved median.
How much does it cost to lease commercial space in Gloucester?
Asking lease rates in Gloucester, VA average $10.63 per square foot per year.
Where does Realmo's Gloucester market data come from?
Realmo compiles Gloucester, VA figures from 8 recent recorded sales, 126 active sale listings, 5 active lease listings, 690 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 126 active for-sale and 5 active for-lease listings in Gloucester, 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, industrial vacancy is reported at South region level and asking prices run materially above recent closed pricing.
- 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
