Commercial Real Estate Market in Halifax, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
17 active listings and 157 off-market properties in Halifax, VA.
Market Trends
Halifax, VA spans 94.9 square miles in Halifax County, Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Halifax, 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 Halifax, VA runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Halifax, 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 Halifax, 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 81.3%
- Commercial 14.9%
- Industrial 3.9%
Largest Zones share of zoned land by district
Limited Residential
General Residential
Commercial
Limited Industrial
Residential
Halifax, VA zones 3,591 acres across 5 districts. Commercial zoning covers 14.9% of zoned land, residential 81.3% and industrial 3.9%. The largest single district is Limited Residential at 78.1%. For commercial buyers the practical constraint is that only 18.7% of land carries a commercial or industrial designation.
Limited Residential (R1)
The residential, limited, district R1 is composed of certain quiet, low density residential areas plus certain open areas where similar residential development appears likely to occur
Market overview
Demographics & Economy
Halifax, VA has 6,036 residents in 3,150 households. Density runs 64 people per square mile. Median household income here is $56,641 and median gross rent $814 a month.
6,036
Population
3,150
Households
1.9
Avg Household Size
47
Median Age
21%
College-Educated
82%
High-School Grad
94.9 sq mi
ZIP Area
64
Density / Sq Mi
$56,641
Median Household Income
$37,547
Median Earnings
$814
Median Rent
$159,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| South Boston | — | — |
| Crystal Hill | — | — |
| Scottsburg | — | — |
| Lennig | — | — |
Commercial property in Halifax, VA asks $346/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Halifax?
Commercial property in Halifax, VA asks an average of $346 per square foot. The 4 most recent recorded sales traded at a median of $107/SF, so asking sits 224% above the achieved median.
What zoning applies to commercial property in Halifax?
Halifax, VA zones 3,591 acres across 5 districts, of which 14.9% is commercial and 3.9% industrial. The largest single district is Limited Residential at 78.1% of zoned land. The residential, limited, district R1 is composed of certain quiet, low density residential areas plus certain open areas where similar residential development appears likely to occur Residential zoning covers 81.3% and open space 0%.
Where does Realmo's Halifax market data come from?
Realmo compiles Halifax, VA figures from 6 recent recorded sales, 17 active sale listings, 157 tracked off-market properties, the current Halifax zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 17 active for-sale and 0 active for-lease listings in Halifax, 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: 3,591 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, 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
