Commercial Real Estate Market in Hayes, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
83 active listings and 320 off-market properties in Hayes, VA. Commercial property asks $116/SF to buy and $65.00/SF/Yr to lease.
Market Trends
Hayes, VA spans 35.6 square miles in Gloucester County, Virginia. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Hayes, 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 Hayes, VA runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Hayes, 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 Hayes, 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
Hayes, VA has 12,312 residents in 5,549 households. Density runs 346 people per square mile. Median household income here is $71,886 and median gross rent $1,066 a month.
12,312
Population
5,549
Households
2.2
Avg Household Size
44
Median Age
23%
College-Educated
90%
High-School Grad
35.6 sq mi
ZIP Area
346
Density / Sq Mi
$71,886
Median Household Income
$41,828
Median Earnings
$1,066
Median Rent
$282,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Gloucester Point | — | — |
| Yorktown | — | $13.20 |
Commercial property in Hayes, VA asks $116/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Hayes?
Commercial property in Hayes, VA asks an average of $116 per square foot. The 5 most recent recorded sales traded at a median of $117/SF.
How much does it cost to lease commercial space in Hayes?
Asking lease rates in Hayes, VA average $65.00 per square foot per year.
Where does Realmo's Hayes market data come from?
Realmo compiles Hayes, VA figures from 7 recent recorded sales, 75 active sale listings, 8 active lease listings, 320 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 October 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 75 active for-sale and 8 active for-lease listings in Hayes, 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 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
