Commercial Real Estate Market in Martinsburg, WV
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
90 active listings and 1,818 off-market properties in Martinsburg, WV. Commercial property asks $129/SF to buy and $22.73/SF/Yr to lease.
Market Trends
Martinsburg, WV spans 105.9 square miles in Berkeley County, West Virginia. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Martinsburg, WV runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail vacancy in Martinsburg, WV runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial vacancy in Martinsburg, WV 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 vacancy in Martinsburg, WV runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Commercial 28.7%
- Mixed use 26.2%
- Planned_development 22.4%
- Residential 17.9%
- Civic 4.8%
Largest Zones share of zoned land by district
URBAN RESIDENTIAL (UR) DISTRICT. The following regulations govern land Use within the Urban Residential (UR) District: (a) Purpose. The UR District is intended for the older residential areas of Martinsburg where a variety of housing types, built primarily on small lots, have been constructed over a long period to form a compact and urban grid pattern of res…
Market overview
Demographics & Economy
Martinsburg, WV has 67,730 residents in 29,208 households. Density runs 640 people per square mile. Median household income here is $72,163 and median gross rent $1,283 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Martinsburg?
How much does it cost to lease commercial space in Martinsburg?
Where does Realmo's Martinsburg market data come from?
Methodology & data sources
- Asking prices and medians
- There are 47 active for-sale and 43 active for-lease listings in Martinsburg, WV. The medians are based on 23 of the for-sale and 11 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.
- Zoning and land use
- The current municipal zoning release: 3,484 zoned acres across 6 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 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
