Commercial Real Estate Market in Midlothian, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
108 active listings and 1,516 off-market properties in Midlothian, VA. Commercial property asks $623/SF to buy and $22.50/SF/Yr to lease.
Market Trends
Midlothian, VA spans 80.7 square miles in Chesterfield County, Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Midlothian, 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 Midlothian, VA runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Midlothian, 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 Midlothian, 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
Midlothian, VA has 101,942 residents in 40,483 households. Density runs 1,264 people per square mile. Median household income here is $124,326 and median gross rent $1,711 a month.
101,942
Population
40,483
Households
2.5
Avg Household Size
41
Median Age
56%
College-Educated
97%
High-School Grad
80.7 sq mi
ZIP Area
1,264
Density / Sq Mi
$124,326
Median Household Income
$62,489
Median Earnings
$1,711
Median Rent
$423,644
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Moseley | — | — |
| Chesterfield | — | — |
| Beach | — | — |
| Bon Air | — | — |
Commercial property in Midlothian, VA asks $623/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Midlothian?
Commercial property in Midlothian, VA asks an average of $623 per square foot.
How much does it cost to lease commercial space in Midlothian?
Asking lease rates in Midlothian, VA average $22.50 per square foot per year.
Where does Realmo's Midlothian market data come from?
Realmo compiles Midlothian, VA figures from 6 recent recorded sales, 58 active sale listings, 50 active lease listings, 1,516 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 58 active for-sale and 50 active for-lease listings in Midlothian, 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
