Commercial Real Estate Market in Richlands, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
10 active listings and 344 off-market properties in Richlands, VA.
Market Trends
Richlands, VA spans 19.4 square miles in Tazewell County, Virginia. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Richlands, VA has a median asking sale price of $41/SF (based on 3 listings). Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail vacancy in Richlands, VA runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial vacancy in Richlands, 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 vacancy in Richlands, VA 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
- Commercial 87.7%
- Agricultural 4.4%
- Residential 4.3%
- Industrial 3.7%
Largest Zones share of zoned land by district
Richlands, VA zones 3,240 acres across 9 districts. Commercial zoning covers 87.7% of zoned land, residential 4.3% and industrial 3.7%. The largest single district is Residential General District at 79.9%. For commercial buyers the practical constraint is that only 91.3% of land carries a commercial or industrial designation.
This district is composed of certain medium to high concentration of residential uses, ordinarily located between residential and commercial areas, plus certain open areas where similar development appears likely to occur
Market overview
Demographics & Economy
Richlands, VA has 5,377 residents in 2,830 households. Density runs 278 people per square mile. Median household income here is $37,044 and median gross rent $823 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Richlands?
What zoning applies to commercial property in Richlands?
Where does Realmo's Richlands market data come from?
Methodology & data sources
- Asking prices and medians
- There are 7 active for-sale and 3 active for-lease listings in Richlands, 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: 3,240 zoned acres across 9 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
