Commercial Real Estate Market in Morgantown, WV
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
239 active listings and 3,845 off-market properties in Morgantown, WV. Commercial property asks $40/SF to buy and $14.88/SF/Yr to lease.
Market Trends
Morgantown, WV spans 194.5 square miles in Monongalia County, West Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Morgantown, 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 Morgantown, WV runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
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%.
Vacancy Rate % in South region
Multifamily
Multifamily space in Morgantown, WV asks $123/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 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
Single Family Residential
Single Family Residential
Multifamily Residential
Industrial
Shopping Center
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.
Single Family Residential (R-1)
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.
96,492
Population
45,615
Households
2.1
Avg Household Size
30
Median Age
52%
College-Educated
94%
High-School Grad
194.5 sq mi
ZIP Area
496
Density / Sq Mi
$62,180
Median Household Income
$36,293
Median Earnings
$953
Median Rent
$263,353
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Glendon | — | — |
| Westover | — | — |
| Astor | — | — |
| Granville | — | — |
Commercial property in Morgantown, WV asks $40/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Morgantown?
Commercial property in Morgantown, WV asks an average of $40 per square foot. Multifamily carries the highest asking price at $123/SF.
How much does it cost to lease commercial space in Morgantown?
Asking lease rates in Morgantown, WV average $14.88 per square foot per year.
What zoning applies to commercial property in Morgantown?
Morgantown, WV zones 6,538 acres across 12 districts, of which 13.8% is commercial and 12.1% industrial. The largest single district is Single Family Residential at 24.9% of zoned land. 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… Residential zoning covers 65.1% and open space 0%.
Where does Realmo's Morgantown market data come from?
Realmo compiles Morgantown, WV figures from 8 recent recorded sales, 224 active sale listings, 15 active lease listings, 3,845 tracked off-market properties, the current Morgantown zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 224 active for-sale and 15 active for-lease listings in Morgantown, 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: 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 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
