Commercial Real Estate Market in Narrows, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
4 active listings and 152 off-market properties in Narrows, VA.
Market Trends
Narrows, VA spans 77.4 square miles in Giles County, Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Narrows, 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 Narrows, VA runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Narrows, 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 Narrows, 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 62.3%
- Residential 24.6%
- Commercial 13.1%
Largest Zones share of zoned land by district
General Residential
Limited Residential
General Industrial
General Business
Light Industrial
Narrows, VA zones 836 acres across 6 districts. Commercial zoning covers 13.1% of zoned land, residential 24.6% and industrial 62.3%. The largest single district is General Residential at 46.5%. For commercial buyers the practical constraint is that only 75.4% of land carries a commercial or industrial designation.
Limited Residential (R-1)
RESIDENTIAL LIMITED DISTRICT R-1 17-602.01 Intent of Residential Limited District R-1. The intent of the R-1 residential district is to provide for low density residential development which is characterized by large lots and open space. This district is prim arily designed to provide and encourage a safe and suitable environment for family life. 13 02/17/201…
Market overview
Demographics & Economy
Narrows, VA has 4,370 residents in 2,062 households. Density runs 56 people per square mile. Median household income here is $60,960 and median gross rent $677 a month.
4,370
Population
2,062
Households
2.1
Avg Household Size
43
Median Age
19%
College-Educated
88%
High-School Grad
77.4 sq mi
ZIP Area
56
Density / Sq Mi
$60,960
Median Household Income
$42,405
Median Earnings
$677
Median Rent
$113,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Glen Lyn | — | — |
| Pearisburg | — | — |
| Peterstown | — | — |
| Rich Creek | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Narrows?
Narrows, VA zones 836 acres across 6 districts, of which 13.1% is commercial and 62.3% industrial. The largest single district is General Residential at 46.5% of zoned land. Residential zoning covers 24.6% and open space 0%.
Where does Realmo's Narrows market data come from?
Realmo compiles Narrows, VA figures from 4 active sale listings, 152 tracked off-market properties, the current Narrows zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 4 active for-sale and 0 active for-lease listings in Narrows, 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: 836 zoned acres across 6 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
