Commercial Real Estate Market in Martinsburg, WV
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
176 active listings and 1,818 off-market properties in Martinsburg, WV. Commercial property asks $195/SF to buy and $17.88/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 August 2026.
Office
Office vacancy in Martinsburg, WV runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in Martinsburg, WV runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
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%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Martinsburg, WV 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
- 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
Mixed Use Commercial
Mixed Use Residential
Suburban Residential
Downtown
Urban Residential (UR)
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.
67,730
Population
29,208
Households
2.3
Avg Household Size
38
Median Age
24%
College-Educated
89%
High-School Grad
105.9 sq mi
ZIP Area
640
Density / Sq Mi
$72,163
Median Household Income
$43,064
Median Earnings
$1,283
Median Rent
$248,502
Median Home Value
Tools
Lease vs Buy Breakeven
At $17.88/SF/Yr lease vs $195/SF buy → buying wins if held > 1.7 years.
At a 9.2% 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 | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Kearneysville | — | — |
| Hedgesville | — | — |
| Jones Springs | — | — |
| Inwood | — | — |
Commercial property in Martinsburg, WV asks $195/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Martinsburg?
Commercial property in Martinsburg, WV asks an average of $195 per square foot.
How much does it cost to lease commercial space in Martinsburg?
Asking lease rates in Martinsburg, WV average $17.88 per square foot per year.
Is it cheaper to lease or buy commercial space in Martinsburg?
Buying beats leasing in Martinsburg, WV if the property is held longer than 1.7 years, comparing $17.88/SF/Yr asking rent with $195/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
Where does Realmo's Martinsburg market data come from?
Realmo compiles Martinsburg, WV figures from 7 recent recorded sales, 123 active sale listings, 53 active lease listings, 1,818 tracked off-market properties, the current Martinsburg zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 123 active for-sale and 53 active for-lease listings in Martinsburg, WV. 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: 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 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
