Commercial Real Estate Market in Hampton, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
104 active listings and 2,345 off-market properties in Hampton, VA. Commercial property asks $139/SF to buy and $19.15/SF/Yr to lease (based on 7 listings).
Market Trends
Hampton, VA spans 70.4 square miles in Newport News County, Virginia. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Hampton, VA has a median asking sale price of $133/SF (based on 7 listings). Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail space in Hampton, VA has a median asking sale price of $252/SF (based on 6 listings). Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial space in Hampton, VA has a median asking sale price of $166/SF (based on 4 listings). Vacancy runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Multifamily
Multifamily space in Hampton, VA has a median asking sale price of $155/SF. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 75.6%
- Commercial 11.4%
- Industrial 6%
- Open space 5.7%
- Mixed use 0.9%
Largest Zones share of zoned land by district
Hampton, VA zones 33,641 acres across 45 districts. Commercial zoning covers 11.4% of zoned land, residential 75.6%, open space 5.7% and industrial 6%. The largest single district is One Family Residential at 26%. For commercial buyers the practical constraint is that only 17.4% of land carries a commercial or industrial designation.
The purpose of the One Family Residential District is to promote single family residential and related uses
Market overview
Demographics & Economy
Hampton, VA has 165,082 residents in 74,199 households. Density runs 2,344 people per square mile. Median household income here is $71,782 and median gross rent $1,349 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Hampton?
How much does it cost to lease commercial space in Hampton?
What zoning applies to commercial property in Hampton?
Where does Realmo's Hampton market data come from?
Methodology & data sources
- Asking prices and medians
- There are 47 active for-sale and 57 active for-lease listings in Hampton, VA. The medians are based on 24 of the for-sale and 7 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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: 33,641 zoned acres across 45 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
