Commercial Real Estate Market in Lynchburg, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
211 active listings and 4,173 off-market properties in Lynchburg, VA. Commercial property asks $31/SF to buy and $12.00/SF/Yr to lease.
Market Trends
Lynchburg, VA spans 141.1 square miles in Lynchburg County, Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Lynchburg, VA asks $183/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 Lynchburg, VA runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Lynchburg, 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 Lynchburg, VA asks $98/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
- Civic 52.7%
- Commercial 21.7%
- Industrial 12.6%
- Open space 7.1%
- Residential 5.4%
- Mixed use 0.6%
Largest Zones share of zoned land by district
Low Density Residential District
Low Medium Density Residential District
Medium Density Residential District
Conservation District
Heavy Industrial District
Low Density Residential District (R1)
The R-1 district is intended to provide for residential development at low densities, together with public uses, institutional uses and private recreational facilities that are in scale with single household residences
Market overview
Demographics & Economy
Lynchburg, VA has 104,298 residents in 44,708 households. Density runs 739 people per square mile. Median household income here is $64,036 and median gross rent $1,046 a month.
104,298
Population
44,708
Households
2.3
Avg Household Size
34
Median Age
38%
College-Educated
92%
High-School Grad
141.1 sq mi
ZIP Area
739
Density / Sq Mi
$64,036
Median Household Income
$33,902
Median Earnings
$1,046
Median Rent
$216,541
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Madison Heights | — | — |
| Rivermont | — | — |
| Rustburg | — | — |
| Graves Mill | — | — |
Commercial property in Lynchburg, VA asks $31/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lynchburg?
Commercial property in Lynchburg, VA asks an average of $31 per square foot. The 6 most recent recorded sales traded at a median of $186/SF. Office carries the highest asking price at $183/SF.
How much does it cost to lease commercial space in Lynchburg?
Asking lease rates in Lynchburg, VA average $12.00 per square foot per year.
Where does Realmo's Lynchburg market data come from?
Realmo compiles Lynchburg, VA figures from 6 recent recorded sales, 186 active sale listings, 25 active lease listings, 4,173 tracked off-market properties, the current Lynchburg zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 186 active for-sale and 25 active for-lease listings in Lynchburg, 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: 27,284 zoned acres across 14 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
