Commercial Real Estate Market in Wise, VA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
24 active listings and 180 off-market properties in Wise, VA.
Market Trends
Wise, VA spans 56.6 square miles in Wise County, Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Wise, 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 Wise, VA asks $97/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 Wise, 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 space in Wise, VA asks $67/SF to buy. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 72.3%
- Commercial 21.3%
- Industrial 6.4%
Largest Zones share of zoned land by district
Medium Density Residence Zone
Low Density Residence Zone
General Business District
Limited Industrial District
Central Business District
Wise, VA zones 1,958 acres across 7 districts. Commercial zoning covers 21.3% of zoned land, residential 72.3% and industrial 6.4%. The largest single district is Medium Density Residence Zone at 48.3%. For commercial buyers the practical constraint is that only 27.7% of land carries a commercial or industrial designation.
Market overview
Demographics & Economy
Wise, VA has 9,442 residents in 4,642 households. Density runs 167 people per square mile. Median household income here is $53,970 and median gross rent $801 a month.
9,442
Population
4,642
Households
2
Avg Household Size
43
Median Age
22%
College-Educated
84%
High-School Grad
56.6 sq mi
ZIP Area
167
Density / Sq Mi
$53,970
Median Household Income
$36,643
Median Earnings
$801
Median Rent
$119,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Esserville | — | — |
| Norton | — | — |
| Coeburn | — | $141.69 |
| Pound | — | — |
Commercial property in Wise, VA asks $58/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Wise?
Commercial property in Wise, VA asks an average of $58 per square foot. The 8 most recent recorded sales traded at a median of $96/SF. Retail carries the highest asking price at $97/SF.
What zoning applies to commercial property in Wise?
Wise, VA zones 1,958 acres across 7 districts, of which 21.3% is commercial and 6.4% industrial. The largest single district is Medium Density Residence Zone at 48.3% of zoned land. Residential zoning covers 72.3% and open space 0%.
Where does Realmo's Wise market data come from?
Realmo compiles Wise, VA figures from 8 recent recorded sales, 21 active sale listings, 3 active lease listings, 180 tracked off-market properties, the current Wise zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 21 active for-sale and 3 active for-lease listings in Wise, 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: 1,958 zoned acres across 7 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
