Commercial Real Estate Market in Surry, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
10 active listings and 56 off-market properties in Surry, VA.
Market Trends
Surry, VA spans 52.1 square miles in Surry County, Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Surry, 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 Surry, VA runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Surry, 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 Surry, 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 95.3%
- Industrial 0.4%
Largest Zones share of zoned land by district
Agricultural Rural Residence District
No Zoning
Light Industrial District
Urban Residence District
Agricultural Rural Residence District And Historic Preservation Overlay
Surry, VA zones 640 acres across 5 districts. The largest single district is Agricultural Rural Residence District at 94.9%. For commercial buyers the practical constraint is that only 0.4% of land carries a commercial or industrial designation.
Agricultural Rural Residence District (A-R)
The purpose of this district is to protect and conserve agricultural and forest lands in large enough tracts that will have the greatest probability of preserving the rural character and heritage of the community and serve as a working-and-living landscape in perpetuity
Market overview
Demographics & Economy
Surry, VA has 2,169 residents in 963 households. Density runs 42 people per square mile. Median household income here is $73,125 and median gross rent $1,357 a month.
2,169
Population
963
Households
2.3
Avg Household Size
52
Median Age
23%
College-Educated
89%
High-School Grad
52.1 sq mi
ZIP Area
42
Density / Sq Mi
$73,125
Median Household Income
$39,625
Median Earnings
$1,357
Median Rent
$247,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Williamsburg | — | — |
| Elberon | — | — |
| Dendron | — | — |
| Smithfield | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Surry?
Surry, VA zones 640 acres across 5 districts, of which 0% is commercial and 0.4% industrial. The largest single district is Agricultural Rural Residence District at 94.9% of zoned land. The purpose of this district is to protect and conserve agricultural and forest lands in large enough tracts that will have the greatest probability of preserving the rural character and heritage of the community and serve as a working-and-living landscape in perpetuity Residential zoning covers 95.3% and open space 0%.
Where does Realmo's Surry market data come from?
Realmo compiles Surry, VA figures from 10 active sale listings, 56 tracked off-market properties, the current Surry zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 10 active for-sale and 0 active for-lease listings in Surry, 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: 640 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 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
