Commercial Real Estate Market in South Hill, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
44 active listings and 406 off-market properties in South Hill, VA.
Market Trends
South Hill, VA spans 188.0 square miles in Mecklenburg County, Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in South Hill, VA runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail space in South Hill, VA asks $218/SF to buy. Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Industrial
Industrial vacancy in South Hill, 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 Hill, 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 Hill, VA has 11,484 residents in 5,815 households. Density runs 61 people per square mile. Median household income here is $52,892 and median gross rent $975 a month.
11,484
Population
5,815
Households
2
Avg Household Size
44
Median Age
18%
College-Educated
84%
High-School Grad
188 sq mi
ZIP Area
61
Density / Sq Mi
$52,892
Median Household Income
$38,054
Median Earnings
$975
Median Rent
$166,596
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| La Crosse | — | — |
| Forksville | — | — |
| Blackridge | — | — |
| Brodnax | — | — |
Commercial property in South Hill, VA asks $651/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in South Hill?
Commercial property in South Hill, VA asks an average of $651 per square foot. The 6 most recent recorded sales traded at a median of $120/SF, so asking sits 444% above the achieved median. Retail carries the highest asking price at $218/SF.
Where does Realmo's South Hill market data come from?
Realmo compiles South Hill, VA figures from 7 recent recorded sales, 43 active sale listings, 1 active lease listings, 406 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 43 active for-sale and 1 active for-lease listings in South Hill, 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, industrial vacancy is reported at South region level and asking prices run materially above recent closed pricing.
- 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
