Commercial Real Estate Market in South Boston, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
33 active listings and 833 off-market properties in South Boston, VA.
Market Trends
South Boston, VA spans 125.5 square miles in Halifax County, Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in South Boston, 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 South Boston, VA runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in South Boston, 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 South Boston, 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
South Boston, VA has 13,453 residents in 6,821 households. Density runs 107 people per square mile. Median household income here is $48,655 and median gross rent $759 a month.
13,453
Population
6,821
Households
2
Avg Household Size
46
Median Age
19%
College-Educated
84%
High-School Grad
125.5 sq mi
ZIP Area
107
Density / Sq Mi
$48,655
Median Household Income
$39,465
Median Earnings
$759
Median Rent
$156,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Halifax | — | — |
| Cluster Springs | — | — |
| Scottsburg | — | — |
| Turbeville | — | — |
Commercial property in South Boston, VA asks $163/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in South Boston?
Commercial property in South Boston, VA asks an average of $163 per square foot. The 6 most recent recorded sales traded at a median of $92/SF, so asking sits 77% above the achieved median.
Where does Realmo's South Boston market data come from?
Realmo compiles South Boston, VA figures from 8 recent recorded sales, 32 active sale listings, 1 active lease listings, 833 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 32 active for-sale and 1 active for-lease listings in South Boston, 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
