Charleston, WV
Commercial Real Estate Market Trends & Data

$95 Avg asking sale price
$322 Avg asking lease rate
12,981 SF Avg unit lease size
17,978 SF Avg building size for sale
6.37% Average cap rate

Charleston's Demographic Profile

Charleston has 22,278 households and a median income of $57,515, providing context for rent absorption and tenant demand across retail and multifamily assets. A -2% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 48,676
# Households 22,278
Median age 44
Median household income $57,515
Avg household size 2.0
Renter-occupied housing units 9,753
5-year population change -2%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Charleston, WV

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Charleston $96 15,946 SF 5.98%
South Charleston $93 9,352 SF 5.98%
Nearby Retail Markets Avg Cost/SF Typical Size
Charleston $92 16,636 SF
South Charleston $92 19,146 SF
Dunbar $99 34,323 SF
Sissonville $25 8,356 SF
Jefferson $44 48,000 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Charleston $67 24,792 SF 7.50%
Huntington $81 10,616 SF 9.72%

Commercial Properties For Sale in Charleston

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

4910 Maccorkle Ave SW

Charleston, WV 25309

  • 1,350 SF Office Building
  • $399,000
For Sale

716 Lee St E

Charleston, WV 25301

  • 9,673 SF Retail Building
  • 1.00% Cap Rate
  • $575,000
For Sale

6810 Maccorkle Ave

Charleston, WV 25304

  • 3,000 SF Office Building
  • $275,000
For Sale

Knights Inn Charleston

Charleston, WV 25304

  • 44,668 SF Hospitality
  • $2,700,000
For Sale

300 Riverside Dr

Charleston, WV 25309

  • 5,760 SF Specialty
  • $875,000
For Sale

1598 kanawha Blvd E

Charleston, WV 25311

  • 5,714 SF Office Building
  • $799,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Charleston pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Charleston $95 17,978 SF
South Charleston $92 19,052 SF
Dunbar $93 26,481 SF
Sissonville $25 8,356 SF

Regional Demographic Comparison

This comparison places Charleston alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Charleston or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Charleston 48,676 22,278 44 $57,515 2 9,753 -2%
South Charleston 11,792 5,485 43 $58,088 2 1,920 -5%
Dunbar 7,276 3,421 45 $53,920 2 1,440 -3%
Sissonville 3,624 1,532 46 $49,555 2 375 -5%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Charleston, WV and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Charleston

View All Commercial Real Estate For Sale in Charleston
Is Charleston a good market for a first-time commercial real estate investor?

Charleston offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Charleston?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Charleston. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Charleston?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Charleston. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Charleston compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Charleston. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Charleston acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Charleston, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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