Commercial Real Estate Market in Hampton, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
177 active listings and 2,345 off-market properties in Hampton, VA. Commercial property asks $107/SF to buy and $18.15/SF/Yr to lease.
Market Trends
Hampton, VA spans 70.4 square miles in Newport News County, Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Hampton, VA asks $133/SF to buy. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Retail
Retail space in Hampton, VA asks $158/SF to buy. Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Industrial
Industrial vacancy in Hampton, 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 Hampton, 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 75.6%
- Commercial 11.4%
- Industrial 6%
- Open space 5.7%
- Mixed use 0.9%
Largest Zones share of zoned land by district
One Family Residential
One Family Residential
One Family Residential
Parks And Open Space General
One Family Residential
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.
One Family Residential (R-11)
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.
165,082
Population
74,199
Households
2.2
Avg Household Size
37
Median Age
28%
College-Educated
93%
High-School Grad
70.4 sq mi
ZIP Area
2,344
Density / Sq Mi
$71,782
Median Household Income
$42,213
Median Earnings
$1,349
Median Rent
$244,317
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Newport News | — | $45.78 |
| Carrollton | — | — |
| Fleet | — | — |
| Rescue | — | — |
Commercial property in Hampton, VA asks $107/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Hampton?
Commercial property in Hampton, VA asks an average of $107 per square foot. The 7 most recent recorded sales traded at a median of $173/SF. Retail carries the highest asking price at $158/SF.
How much does it cost to lease commercial space in Hampton?
Asking lease rates in Hampton, VA average $18.15 per square foot per year.
What zoning applies to commercial property in Hampton?
Hampton, VA zones 33,641 acres across 45 districts, of which 11.4% is commercial and 6% industrial. The largest single district is One Family Residential at 26% of zoned land. Residential zoning covers 75.6% and open space 5.7%.
Where does Realmo's Hampton market data come from?
Realmo compiles Hampton, VA figures from 8 recent recorded sales, 118 active sale listings, 59 active lease listings, 2,345 tracked off-market properties, the current Hampton zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 118 active for-sale and 59 active for-lease listings in Hampton, 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: 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 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
