Commercial Real Estate Market in New Market, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
9 active listings and 204 off-market properties in New Market, VA.
Market Trends
New Market, VA spans 49.6 square miles in Shenandoah County, Virginia. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in New Market, VA runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail vacancy in New Market, VA runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial vacancy in New Market, VA runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Multifamily
Multifamily vacancy in New Market, VA runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Market overview
Demographics & Economy
New Market, VA has 4,599 residents in 2,257 households. Density runs 93 people per square mile. Median household income here is $63,061 and median gross rent $877 a month.
Tools
Nearby Markets
Commercial property in New Market, VA asks $81/SF. The 2 bordering markets run from $83/SF in Edinburg to $181/SF in Luray, and the city sits below their $132/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in New Market?
How does New Market compare to nearby markets on price?
Where does Realmo's New Market market data come from?
Methodology & data sources
- Asking prices and medians
- There are 7 active for-sale and 2 active for-lease listings in New Market, VA. The sale median is based on 5 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
