Commercial Real Estate Market in Atwater, CA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
50 active listings and 521 off-market properties in Atwater, CA. Commercial property asks $421/SF to buy and $14.57/SF/Yr to lease.
Market Trends
Atwater, CA spans 76.1 square miles in Merced County, California. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Atwater, CA runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Atwater, CA runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Atwater, CA 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 Atwater, CA runs 8.6% across the West region in 2025, up from 7% in 2022.
Vacancy Rate % in West region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 41.7%
- Planned_development 35.2%
- Industrial 15.6%
- Commercial 7.5%
Largest Zones share of zoned land by district
Low Density Residential
Business Park
Planned Development
Planned Development
Planned Development
Low Density Residential (R-1)
The purpose of R-1 zone is to provide single family residential districts
Market overview
Demographics & Economy
Atwater, CA has 40,886 residents in 13,250 households. Density runs 538 people per square mile. Median household income here is $66,669 and median gross rent $1,215 a month.
40,886
Population
13,250
Households
3.1
Avg Household Size
35
Median Age
16%
College-Educated
74%
High-School Grad
76.1 sq mi
ZIP Area
538
Density / Sq Mi
$66,669
Median Household Income
$40,101
Median Earnings
$1,215
Median Rent
$367,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Livingston | — | — |
| Merced | — | $16.28 |
Commercial property in Atwater, CA asks $421/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Atwater?
Commercial property in Atwater, CA asks an average of $421 per square foot. The 3 most recent recorded sales traded at a median of $52/SF, so asking sits 708% above the achieved median.
How much does it cost to lease commercial space in Atwater?
Asking lease rates in Atwater, CA average $14.57 per square foot per year.
Where does Realmo's Atwater market data come from?
Realmo compiles Atwater, CA figures from 7 recent recorded sales, 36 active sale listings, 14 active lease listings, 521 tracked off-market properties, the current Atwater zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 36 active for-sale and 14 active for-lease listings in Atwater, CA. 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: 4,098 zoned acres across 44 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 30 September 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, industrial vacancy is reported at West region level and asking prices run materially above recent closed pricing.
- 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 30 September 2026 · How Realmo checks market page data · Report a data issue
