Commercial Real Estate Market in Morgantown, WV
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
74 active listings and 3,845 off-market properties in Morgantown, WV. Commercial property asks $97/SF to buy and $15.00/SF/Yr to lease (based on 5 listings).
Market Trends
Morgantown, WV spans 194.5 square miles in Monongalia County, West Virginia. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Morgantown, WV runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail vacancy in Morgantown, WV runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial vacancy in Morgantown, 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
Across Monongalia County, multifamily space asks $117/SF to buy. Multifamily vacancy in Morgantown, 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
- Residential 65.1%
- Commercial 13.8%
- Industrial 12.1%
- Civic 5.5%
- Mixed use 3%
- Planned_development 0.6%
Largest Zones share of zoned land by district
Morgantown, WV zones 6,538 acres across 12 districts. Commercial zoning covers 13.8% of zoned land, residential 65.1% and industrial 12.1%. The largest single district is Single Family Residential at 24.9%. For commercial buyers the practical constraint is that only 25.8% of land carries a commercial or industrial designation.
The purpose of the Single Family Residential (R-1) District is to: (A) Provide for attractive single family neighborhoods for residents who prefer larger lot sizes and do not generally desire to live in close proximity to other types of uses, and (B) Preserve the desirable character of existing single family neighborhoods, and (C) Protect the single family r…
Market overview
Demographics & Economy
Morgantown, WV has 96,492 residents in 45,615 households. Density runs 496 people per square mile. Median household income here is $62,180 and median gross rent $953 a month.
Tools
Nearby Markets
Commercial property in Morgantown, WV asks $97/SF. The 2 bordering markets run from $78/SF in Kingwood to $114/SF in Westover, and the city sits in line with their $96/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Morgantown?
How much does it cost to lease commercial space in Morgantown?
How does Morgantown compare to nearby markets on price?
What zoning applies to commercial property in Morgantown?
Where does Realmo's Morgantown market data come from?
Methodology & data sources
- Asking prices and medians
- There are 57 active for-sale and 17 active for-lease listings in Morgantown, WV. The medians are based on 39 of the for-sale and 5 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: 6,538 zoned acres across 12 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
