Commercial Real Estate Market in Virginia Beach, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
314 active listings and 6,291 off-market properties in Virginia Beach, VA. Commercial property asks $247/SF to buy and $19.00/SF/Yr to lease.
Market Trends
Virginia Beach, VA spans 236.3 square miles in Virginia Beach County, Virginia. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Virginia Beach, VA has a median asking sale price of $245/SF (based on 9 listings). Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail space in Virginia Beach, VA has a median asking sale price of $245/SF (based on 3 listings). Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial space in Virginia Beach, VA has a median asking sale price of $201/SF (based on 3 listings). Vacancy 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 space in Virginia Beach, VA has a median asking sale price of $336/SF. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Market overview
Demographics & Economy
Virginia Beach, VA has 459,494 residents in 190,777 households. Density runs 1,944 people per square mile. Median household income here is $92,137 and median gross rent $1,670 a month.
Tools
Lease vs Buy Breakeven
At $19.00/SF/Yr lease vs $247/SF buy → buying wins if held > 2.5 years.
At a 7.7% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Chesapeake | $203 | $17.25 |
| Norfolk | $171 | $17.60 |
Commercial property in Virginia Beach, VA asks $247/SF. The 2 bordering markets run from $171/SF in Norfolk to $203/SF in Chesapeake, and the city sits above their $187/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Virginia Beach?
How much does it cost to lease commercial space in Virginia Beach?
Is it cheaper to lease or buy commercial space in Virginia Beach?
How does Virginia Beach compare to nearby markets on price?
Where does Realmo's Virginia Beach market data come from?
Methodology & data sources
- Asking prices and medians
- There are 101 active for-sale and 213 active for-lease listings in Virginia Beach, VA. The medians are based on 36 of the for-sale and 40 of the for-lease listings, those that state a price or rent per square foot. 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.
- 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
