Commercial Real Estate Market in Radford, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
25 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 August 2026.
Office
Office vacancy in Radford, 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 Radford, VA runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
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%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Radford, 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
- 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
Single Family Residential
Conservation
Planned Unit Development
Single Family Residential
Multifamily Residential
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.
Single Family Residential (R3)
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.
22,916
Population
10,045
Households
2.3
Avg Household Size
29
Median Age
41%
College-Educated
94%
High-School Grad
65.7 sq mi
ZIP Area
349
Density / Sq Mi
$60,503
Median Household Income
$28,401
Median Earnings
$999
Median Rent
$230,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Fairlawn | — | — |
| Belspring | — | — |
| Prices Fork | — | — |
| Parrott | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Radford?
Radford, VA zones 5,486 acres across 15 districts, of which 16.1% is commercial and 2.9% industrial. The largest single district is Single Family Residential at 26% of zoned land. 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… Residential zoning covers 40.2% and open space 19.4%.
Where does Realmo's Radford market data come from?
Realmo compiles Radford, VA figures from 7 recent recorded sales, 22 active sale listings, 3 active lease listings, 97 tracked off-market properties, the current Radford zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 22 active for-sale and 3 active for-lease listings in Radford, 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: 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 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
