Charlottesville, VA
Commercial Real Estate Market Trends & Data

$312 Avg asking sale price
$41 Avg asking lease rate
11,316 SF Avg unit lease size
89,884 SF Avg building size for sale
8.64% Average cap rate

Charlottesville's Demographic Profile

Charlottesville has 19,016 households and a median income of $67,600, providing context for rent absorption and tenant demand across retail and multifamily assets. A -3% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 44,822
# Households 19,016
Median age 31
Median household income $67,600
Avg household size 2.0
Renter-occupied housing units 11,824
5-year population change -3%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Charlottesville, VA

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Charlottesville $242 67,191 SF 8.82%
Barboursville $324 196,492 SF 4.21%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Charlottesville $510 148,722 SF 11.07%
Troy $389 8,630 SF 5.36%
Barboursville $456 158,628 SF 4.21%
Ruckersville $474 31,535 SF 4.21%
Nearby Retail Markets Avg Cost/SF Typical Size
Charlottesville $330 9,600 SF
Lake Monticello $403 2,868 SF
Barboursville $324 7,704 SF
Scottsville $389 3,856 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Harrisonburg $219 6,660 SF 8.55%
Sperryville $188 4,200 SF 5.01%

Commercial Properties For Sale in Charlottesville

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

Retail

Charlottesville, VA 22901

  • 11,783 SF Retail Building
  • $2,800,000
For Sale

405 Premier Cir

Charlottesville, VA 22901

  • 1.07 AC Lot
  • 1 Commercial Lot
  • $1,450,000
For Sale

Commercial 0.65 Acre Parcel

Charlottesville, VA 22902

  • 0.65 AC Lot
  • 1 Commercial Lot
  • $1,500,000
For Sale

316-318 E Main St

Charlottesville, VA 22902

  • 28,500 SF Office Building
  • 6.48% Cap Rate
  • $4,500,000
For Sale

Queen Charlotte Square

Charlottesville, VA 22902

  • 30,000 SF Office Building
  • $775,000 - $1,395,000
For Sale

2228 Lake Monticello Road with 6 Parcels

Palmyra, VA 22963

  • 34.94 AC Lot
  • 1 Commercial Lot
  • $2,500,000

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 Charlottesville pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Charlottesville $312 89,884 SF
Lake Monticello $323 3,086 SF

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Charlottesville, VA 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 Charlottesville

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

Charlottesville 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 Charlottesville?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Charlottesville. 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 Charlottesville?

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

How does Charlottesville compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Charlottesville. 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 Charlottesville acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Charlottesville, 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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