Commercial Real Estate Market in Radford, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
13 active listings and 97 off-market properties in Radford, VA.
Market Trends
Radford, VA spans 65.7 square miles in Radford County, Virginia. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Radford, VA runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail vacancy in Radford, VA runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial vacancy in Radford, 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 space in Radford, VA has a median asking sale price of $197/SF (based on 4 listings). Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 40.2%
- Open space 19.4%
- Planned_development 16.8%
- Commercial 16.1%
- Civic 3.9%
- Industrial 2.9%
- Mixed use 0.5%
Largest Zones share of zoned land by district
Radford, VA zones 5,486 acres across 15 districts. Commercial zoning covers 16.1% of zoned land, residential 40.2%, open space 19.4% and industrial 2.9%. The largest single district is Single Family Residential at 26%. For commercial buyers the practical constraint is that only 19% of land carries a commercial or industrial designation.
Pursuant to the general purposes of this chapter, the intent of the R-3 Single-family Residential District is to provide appropriate areas for moderate density single-family residential development together with certain other housing types within a suitable residential environment. The district is designed to preserve the character of existing residential ar…
Market overview
Demographics & Economy
Radford, VA has 22,916 residents in 10,045 households. Density runs 349 people per square mile. Median household income here is $60,503 and median gross rent $999 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Radford?
What zoning applies to commercial property in Radford?
Where does Realmo's Radford market data come from?
Methodology & data sources
- Asking prices and medians
- There are 11 active for-sale and 2 active for-lease listings in Radford, VA. The sale median is based on 4 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.
- Zoning and land use
- The current municipal zoning release: 5,486 zoned acres across 15 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 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
