Commercial Real Estate Market in Powhatan, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
66 active listings and 384 off-market properties in Powhatan, VA. Commercial property asks $708/SF to buy and $23.17/SF/Yr to lease.
Market Trends
Powhatan, VA spans 240.5 square miles in Powhatan County, Virginia. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Powhatan, 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 Powhatan, VA runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Powhatan, 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 Powhatan, 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
Powhatan, VA has 27,015 residents in 10,659 households. Density runs 112 people per square mile. Median household income here is $109,231 and median gross rent $1,153 a month.
27,015
Population
10,659
Households
2.5
Avg Household Size
44
Median Age
35%
College-Educated
93%
High-School Grad
240.5 sq mi
ZIP Area
112
Density / Sq Mi
$109,231
Median Household Income
$58,336
Median Earnings
$1,153
Median Rent
$370,400
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Powhatan?
Commercial property in Powhatan, VA asks an average of $708 per square foot.
How much does it cost to lease commercial space in Powhatan?
Asking lease rates in Powhatan, VA average $23.17 per square foot per year.
Where does Realmo's Powhatan market data come from?
Realmo compiles Powhatan, VA figures from 51 active sale listings, 15 active lease listings, 384 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 51 active for-sale and 15 active for-lease listings in Powhatan, 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 30 September 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 30 September 2026 · How Realmo checks market page data · Report a data issue
