Commercial Real Estate Market in Shenandoah, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
4 active listings and 142 off-market properties in Shenandoah, VA.
Market Trends
Shenandoah, VA spans 46.1 square miles in Page County, Virginia. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Shenandoah, VA runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail vacancy in Shenandoah, VA runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial vacancy in Shenandoah, 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 Shenandoah, 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
- Residential 44.8%
- Commercial 30.2%
- Industrial 25.1%
Largest Zones share of zoned land by district
Shenandoah, VA zones 1,089 acres across 5 districts. Commercial zoning covers 30.2% of zoned land, residential 44.8% and industrial 25.1%. The largest single district is Residential District at 44.8%. For commercial buyers the practical constraint is that only 55.2% of land carries a commercial or industrial designation.
This district is a medium-density area for single and two family homes. The district's intent is to protect the essential character of the area, while promoting a suitable environment for family life.
Market overview
Demographics & Economy
Shenandoah, VA has 4,891 residents in 2,403 households. Density runs 106 people per square mile. Median household income here is $66,748 and median gross rent $1,023 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Shenandoah?
What zoning applies to commercial property in Shenandoah?
Where does Realmo's Shenandoah market data come from?
Methodology & data sources
- Asking prices and medians
- There are 3 active for-sale and 1 active for-lease listings in Shenandoah, VA. The sale median is based on 3 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: 1,089 zoned acres across 5 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
