Commercial Real Estate Market in Harrisonburg, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
233 active listings and 1,297 off-market properties in Harrisonburg, VA. Commercial property asks $347/SF to buy and $16.39/SF/Yr to lease.
Market Trends
Harrisonburg, VA spans 125.6 square miles in Harrisonburg County, Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Harrisonburg, VA asks $157/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 vacancy in Harrisonburg, VA runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Harrisonburg, 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 space in Harrisonburg, VA asks $173/SF to buy. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 56.6%
- Industrial 18.7%
- Commercial 15.2%
- Civic 7.8%
- Planned_development 1.8%
Largest Zones share of zoned land by district
Single Family Residential
General Industrial
Multiple Dwelling Residential
General Business
Residential District
Harrisonburg, VA zones 9,651 acres across 25 districts. Commercial zoning covers 15.2% of zoned land, residential 56.6% and industrial 18.7%. The largest single district is Single Family Residential at 30.6%. For commercial buyers the practical constraint is that only 33.9% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Harrisonburg, VA has 74,418 residents in 27,779 households. Density runs 593 people per square mile. Median household income here is $67,207 and median gross rent $1,180 a month.
74,418
Population
27,779
Households
2.7
Avg Household Size
29
Median Age
37%
College-Educated
86%
High-School Grad
125.6 sq mi
ZIP Area
593
Density / Sq Mi
$67,207
Median Household Income
$30,219
Median Earnings
$1,180
Median Rent
$307,164
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Harrisburg | — | — |
| Dayton | — | — |
| Pleasant Vly | — | — |
| Pleasant Valley | — | — |
Commercial property in Harrisonburg, VA asks $347/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Harrisonburg?
Commercial property in Harrisonburg, VA asks an average of $347 per square foot. The 4 most recent recorded sales traded at a median of $281/SF, so asking sits 24% above the achieved median. Multifamily carries the highest asking price at $173/SF.
How much does it cost to lease commercial space in Harrisonburg?
Asking lease rates in Harrisonburg, VA average $16.39 per square foot per year.
What zoning applies to commercial property in Harrisonburg?
Harrisonburg, VA zones 9,651 acres across 25 districts, of which 15.2% is commercial and 18.7% industrial. The largest single district is Single Family Residential at 30.6% of zoned land. Residential zoning covers 56.6% and open space 0%.
Where does Realmo's Harrisonburg market data come from?
Realmo compiles Harrisonburg, VA figures from 7 recent recorded sales, 165 active sale listings, 68 active lease listings, 1,297 tracked off-market properties, the current Harrisonburg zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 165 active for-sale and 68 active for-lease listings in Harrisonburg, 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: 9,651 zoned acres across 25 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
