Commercial Real Estate Market in Prince George, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
32 active listings and 513 off-market properties in Prince George, VA. Commercial property asks $103/SF to buy and $15.50/SF/Yr to lease.
Market Trends
Prince George, VA spans 35.6 square miles in Prince George County, Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Prince George, 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 Prince George, VA runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Prince George, 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 Prince George, 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
Prince George, VA has 11,791 residents in 5,013 households. Density runs 331 people per square mile. Median household income here is $76,596 and median gross rent $1,238 a month.
11,791
Population
5,013
Households
2.4
Avg Household Size
41
Median Age
29%
College-Educated
94%
High-School Grad
35.6 sq mi
ZIP Area
331
Density / Sq Mi
$76,596
Median Household Income
$43,432
Median Earnings
$1,238
Median Rent
$254,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Petersburg | — | $6.29 |
| Hopewell | — | — |
| Walnut Hill | — | — |
| Colonial Heights | — | — |
Commercial property in Prince George, VA asks $103/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Prince George?
Commercial property in Prince George, VA asks an average of $103 per square foot.
How much does it cost to lease commercial space in Prince George?
Asking lease rates in Prince George, VA average $15.50 per square foot per year.
Where does Realmo's Prince George market data come from?
Realmo compiles Prince George, VA figures from 25 active sale listings, 7 active lease listings, 513 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 25 active for-sale and 7 active for-lease listings in Prince George, 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
