Commercial Real Estate Market in Thorne Bay, AK
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
47 active listings and 673 off-market properties in Thorne Bay, AK. Commercial property asks $171/SF to buy and $27.55/SF/Yr to lease.
Market Trends
Thorne Bay, AK spans 49.4 square miles in Ketchikan Gateway County, Alaska. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Thorne Bay, AK runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Thorne Bay, AK runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Thorne Bay, AK runs 7.9% across the West region in 2025, up from 3.7% in 2019. Nearly 3.2x the 2022 low of 2.5%.
Vacancy Rate % in West region
Multifamily
Multifamily vacancy in Thorne Bay, AK runs 8.6% across the West region in 2025, up from 7% in 2022.
Vacancy Rate % in West region
Market overview
Demographics & Economy
Thorne Bay, AK has 515 residents in 358 households. Density runs 10 people per square mile. Median household income here is $65,357 and median gross rent $938 a month.
515
Population
358
Households
1.4
Avg Household Size
48
Median Age
32%
College-Educated
96%
High-School Grad
49.4 sq mi
ZIP Area
10
Density / Sq Mi
$65,357
Median Household Income
$31,875
Median Earnings
$938
Median Rent
$244,200
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Thorne Bay?
Commercial property in Thorne Bay, AK asks an average of $171 per square foot.
How much does it cost to lease commercial space in Thorne Bay?
Asking lease rates in Thorne Bay, AK average $27.55 per square foot per year.
Where does Realmo's Thorne Bay market data come from?
Realmo compiles Thorne Bay, AK figures from 43 active sale listings, 4 active lease listings, 673 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 October 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 43 active for-sale and 4 active for-lease listings in Thorne Bay, AK. 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 October 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at West region level, retail vacancy is reported at West region level and industrial vacancy is reported at West 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
