Commercial Real Estate Market in Grundy, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
6 active listings and 408 off-market properties in Grundy, VA.
Market Trends
Grundy, VA spans 132.3 square miles in Buchanan County, Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Grundy, 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 Grundy, VA runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Grundy, 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 Grundy, 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
Grundy, VA has 7,252 residents in 3,680 households. Density runs 55 people per square mile. Median household income here is $40,000 and median gross rent $777 a month.
7,252
Population
3,680
Households
2
Avg Household Size
47
Median Age
11%
College-Educated
80%
High-School Grad
132.3 sq mi
ZIP Area
55
Density / Sq Mi
$40,000
Median Household Income
$29,479
Median Earnings
$777
Median Rent
$117,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Stacy | — | — |
| Vansant | — | — |
| Harman | — | — |
| Maxie | — | — |
Commercial property in Grundy, VA asks $93/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Grundy?
Commercial property in Grundy, VA asks an average of $93 per square foot.
Where does Realmo's Grundy market data come from?
Realmo compiles Grundy, VA figures from 6 recent recorded sales, 6 active sale listings, 408 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 6 active for-sale and 0 active for-lease listings in Grundy, 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
