Commercial Real Estate Market in Pearisburg, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
6 active listings and 235 off-market properties in Pearisburg, VA.
Market Trends
Pearisburg, VA spans 104.2 square miles in Giles County, Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Pearisburg, 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 Pearisburg, VA runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Pearisburg, 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 Pearisburg, 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 48.9%
- Planned_development 20.6%
- Commercial 15.6%
- Residential 15%
Largest Zones share of zoned land by district
Residential
Planned Development
Agricultural And Residential
General Business
Mixed Residential
Pearisburg, VA zones 2,036 acres across 13 districts. Commercial zoning covers 15.6% of zoned land, residential 15% and industrial 48.9%. The largest single district is Residential at 29.7%. For commercial buyers the practical constraint is that only 64.5% of land carries a commercial or industrial designation.
Residential (R-2)
The intent of the R-2 Residential district is to encourage residential neighborhoods and to stabilize and protect the essential character of such neighborhoods, The regulations for this district tend to protect against encroachment of commercial or industrial uses and other uses likely to generate noise, crowds, and concentrations of traffic, light, dust, od…
Market overview
Demographics & Economy
Pearisburg, VA has 5,638 residents in 2,627 households. Density runs 54 people per square mile. Median household income here is $63,550 and median gross rent $829 a month.
5,638
Population
2,627
Households
2.1
Avg Household Size
44
Median Age
14%
College-Educated
94%
High-School Grad
104.2 sq mi
ZIP Area
54
Density / Sq Mi
$63,550
Median Household Income
$50,926
Median Earnings
$829
Median Rent
$157,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Narrows | — | — |
| Kimballton | — | — |
| Goldbond | — | — |
| Pembroke | — | — |
Commercial property in Pearisburg, VA asks $179/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Pearisburg?
Commercial property in Pearisburg, VA asks an average of $179 per square foot.
What zoning applies to commercial property in Pearisburg?
Pearisburg, VA zones 2,036 acres across 13 districts, of which 15.6% is commercial and 48.9% industrial. The largest single district is Residential at 29.7% of zoned land. The intent of the R-2 Residential district is to encourage residential neighborhoods and to stabilize and protect the essential character of such neighborhoods, The regulations for this district tend to protect against encroachment of commercial or industrial uses and other uses likely to generate noise, crowds, and concentrations of traffic, light, dust, od… Residential zoning covers 15% and open space 0%.
Where does Realmo's Pearisburg market data come from?
Realmo compiles Pearisburg, VA figures from 3 active sale listings, 3 active lease listings, 235 tracked off-market properties, the current Pearisburg zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 3 active for-sale and 3 active for-lease listings in Pearisburg, 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: 2,036 zoned acres across 13 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
