Commercial Real Estate Market in Leesburg, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
124 active listings and 1,755 off-market properties in Leesburg, VA. Commercial property asks $438/SF to buy and $29.95/SF/Yr to lease.
Market Trends
Leesburg, VA spans 113.9 square miles in Loudoun County, Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Leesburg, 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 Leesburg, VA runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Leesburg, 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 Leesburg, 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 55.5%
- Mixed use 17.8%
- Commercial 10.4%
- Planned_development 6.3%
- Industrial 5.7%
- Special 3.3%
- Civic 0.8%
- Open space 0.2%
Largest Zones share of zoned land by district
Planned Residential Community
Single Family Residential
Planned Residential Neighborhood
Single Family Residential
Single Family Residential Estate
Leesburg, VA zones 8,512 acres across 31 districts. Commercial zoning covers 10.4% of zoned land, residential 55.5%, open space 0.2% and industrial 5.7%. The largest single district is Planned Residential Community at 15.1%. For commercial buyers the practical constraint is that only 16.2% of land carries a commercial or industrial designation.
Planned Residential Community (PRC)
Planned Residential Community Districts are intended to promote the development of self sufficient communities which are organized around a mixed use center of commercial, employment, community facility and high density residential uses.
Market overview
Demographics & Economy
Leesburg, VA has 85,022 residents in 29,739 households. Density runs 746 people per square mile. Median household income here is $167,326 and median gross rent $2,069 a month.
85,022
Population
29,739
Households
2.9
Avg Household Size
38
Median Age
61%
College-Educated
94%
High-School Grad
113.9 sq mi
ZIP Area
746
Density / Sq Mi
$167,326
Median Household Income
$72,601
Median Earnings
$2,069
Median Rent
$708,383
Median Home Value
Tools
Lease vs Buy Breakeven
At $29.95/SF/Yr lease vs $438/SF buy → buying wins if held > 3.4 years.
At a 6.8% 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 |
|---|---|---|
| Paeonian Springs | — | — |
| Lansdowne | — | — |
| Hamilton | — | — |
| Waterford | — | — |
Commercial property in Leesburg, VA asks $438/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Leesburg?
Commercial property in Leesburg, VA asks an average of $438 per square foot. The 5 most recent recorded sales traded at a median of $1,000/SF.
How much does it cost to lease commercial space in Leesburg?
Asking lease rates in Leesburg, VA average $29.95 per square foot per year.
Is it cheaper to lease or buy commercial space in Leesburg?
Buying beats leasing in Leesburg, VA if the property is held longer than 3.4 years, comparing $29.95/SF/Yr asking rent with $438/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.
What zoning applies to commercial property in Leesburg?
Leesburg, VA zones 8,512 acres across 31 districts, of which 10.4% is commercial and 5.7% industrial. The largest single district is Planned Residential Community at 15.1% of zoned land. Planned Residential Community Districts are intended to promote the development of self sufficient communities which are organized around a mixed use center of commercial, employment, community facility and high density residential uses. Residential zoning covers 55.5% and open space 0.2%.
Where does Realmo's Leesburg market data come from?
Realmo compiles Leesburg, VA figures from 7 recent recorded sales, 71 active sale listings, 53 active lease listings, 1,755 tracked off-market properties, the current Leesburg zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 71 active for-sale and 53 active for-lease listings in Leesburg, 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: 8,512 zoned acres across 31 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
