Commercial Real Estate Market in New Martinsville, WV
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
3 active listings and 471 off-market properties in New Martinsville, WV.
Market Trends
New Martinsville, WV spans 113.9 square miles in Wetzel County, West Virginia. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in New Martinsville, 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 New Martinsville, WV runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in New Martinsville, 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 New Martinsville, WV runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Market overview
Demographics & Economy
New Martinsville, WV has 8,095 residents in 3,775 households. Density runs 71 people per square mile. Median household income here is $54,747 and median gross rent $701 a month.
8,095
Population
3,775
Households
2.1
Avg Household Size
47
Median Age
17%
College-Educated
93%
High-School Grad
113.9 sq mi
ZIP Area
71
Density / Sq Mi
$54,747
Median Household Income
$31,882
Median Earnings
$701
Median Rent
$123,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Hannibal | — | — |
| Sardis | — | — |
| Paden City | — | — |
| Porters Falls | — | — |
Commercial property in New Martinsville, WV asks $41/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in New Martinsville?
Commercial property in New Martinsville, WV asks an average of $41 per square foot.
Where does Realmo's New Martinsville market data come from?
Realmo compiles New Martinsville, WV figures from 4 recent recorded sales, 3 active sale listings, 471 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 3 active for-sale and 0 active for-lease listings in New Martinsville, 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.
- 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
