Commercial Real Estate Market in Luray, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
52 active listings and 493 off-market properties in Luray, VA. Commercial property asks $526/SF to buy and $12.60/SF/Yr to lease.
Market Trends
Luray, VA spans 149.6 square miles in Page County, Virginia. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Luray, 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 Luray, VA runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Luray, 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 Luray, 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
- Industrial 35.4%
- Commercial 26.8%
- Residential 18.8%
- Civic 17%
- Open space 2%
Largest Zones share of zoned land by district
Low Density Residential
Business
Limited Industrial
Medium Density Residential
High Density Residential
Luray, VA zones 2,743 acres across 9 districts. Commercial zoning covers 26.8% of zoned land, residential 18.8%, open space 2% and industrial 35.4%. The largest single district is Low Density Residential at 26.8%. For commercial buyers the practical constraint is that only 62.2% of land carries a commercial or industrial designation.
Low Density Residential (R-1)
This district is for quiet, low-density residential areas, promoting a suitable environment for family life and It prohibits most commercial activities to protect the district's essential characteristics.
Market overview
Demographics & Economy
Luray, VA has 11,561 residents in 6,291 households. Density runs 77 people per square mile. Median household income here is $57,365 and median gross rent $836 a month.
11,561
Population
6,291
Households
1.8
Avg Household Size
48
Median Age
21%
College-Educated
86%
High-School Grad
149.6 sq mi
ZIP Area
77
Density / Sq Mi
$57,365
Median Household Income
$33,499
Median Earnings
$836
Median Rent
$245,900
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Stanley | — | — |
| Mount Jackson | — | — |
Commercial property in Luray, VA asks $526/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Luray?
Commercial property in Luray, VA asks an average of $526 per square foot.
How much does it cost to lease commercial space in Luray?
Asking lease rates in Luray, VA average $12.60 per square foot per year.
What zoning applies to commercial property in Luray?
Luray, VA zones 2,743 acres across 9 districts, of which 26.8% is commercial and 35.4% industrial. The largest single district is Low Density Residential at 26.8% of zoned land. This district is for quiet, low-density residential areas, promoting a suitable environment for family life and It prohibits most commercial activities to protect the district's essential characteristics. Residential zoning covers 18.8% and open space 2%.
Where does Realmo's Luray market data come from?
Realmo compiles Luray, VA figures from 45 active sale listings, 7 active lease listings, 493 tracked off-market properties, the current Luray zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 45 active for-sale and 7 active for-lease listings in Luray, 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: 2,743 zoned acres across 9 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 30 September 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 30 September 2026 · How Realmo checks market page data · Report a data issue
