Commercial Real Estate Market in King George, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
101 active listings and 589 off-market properties in King George, VA. Commercial property asks $353/SF to buy and $15.66/SF/Yr to lease.
Market Trends
King George, VA spans 175.8 square miles in King George County, Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in King George, 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 King George, VA runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in King George, 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 King George, 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
King George, VA has 26,025 residents in 10,318 households. Density runs 148 people per square mile. Median household income here is $110,657 and median gross rent $1,373 a month.
26,025
Population
10,318
Households
2.5
Avg Household Size
39
Median Age
36%
College-Educated
91%
High-School Grad
175.8 sq mi
ZIP Area
148
Density / Sq Mi
$110,657
Median Household Income
$55,025
Median Earnings
$1,373
Median Rent
$395,900
Median Home Value
Tools
Lease vs Buy Breakeven
At $15.66/SF/Yr lease vs $353/SF buy → buying wins if held > 15.1 years.
At a 4.4% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Dogue | — | — |
| Jersey | — | — |
| Shiloh | — | — |
| Ninde | — | — |
Commercial property in King George, VA asks $353/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in King George?
Commercial property in King George, VA asks an average of $353 per square foot. The 4 most recent recorded sales traded at a median of $294/SF, so asking sits 20% above the achieved median.
How much does it cost to lease commercial space in King George?
Asking lease rates in King George, VA average $15.66 per square foot per year.
Is it cheaper to lease or buy commercial space in King George?
Buying beats leasing in King George, VA if the property is held longer than 15.1 years, comparing $15.66/SF/Yr asking rent with $353/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
Where does Realmo's King George market data come from?
Realmo compiles King George, VA figures from 6 recent recorded sales, 74 active sale listings, 27 active lease listings, 589 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 74 active for-sale and 27 active for-lease listings in King George, 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 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
