Commercial Real Estate Market in Bend, OR
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
292 active listings and 3,131 off-market properties in Bend, OR. Commercial property asks $110/SF to buy and $17.33/SF/Yr to lease.
Market Trends
Bend, OR spans 836.3 square miles in Deschutes County, Oregon. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Bend, OR asks $417/SF to buy. Vacancy runs 20.8% across the West region in 2025, up from 11% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Retail
Retail vacancy in Bend, OR runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Bend, OR 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 space in Bend, OR asks $255/SF to buy. Vacancy runs 8.6% across the West region in 2025, up from 7% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 68%
- Industrial 9%
- Commercial 8.6%
- Civic 5.6%
- Agricultural 5.4%
- Mixed use 3.4%
Largest Zones share of zoned land by district
Standard Density Residential
Low Density Residential
Medium Density Residential
Light Industrial
Public Facilities
Bend, OR zones 24,078 acres across 20 districts. Commercial zoning covers 8.6% of zoned land, residential 68% and industrial 9%. The largest single district is Standard Density Residential at 49.7%. For commercial buyers the practical constraint is that only 17.6% of land carries a commercial or industrial designation.
Low Density Residential (RL)
Districts Revised 2.0 Land Use District Administration 2.0.100 Classification of Land Use Districts. 2.0.200 Land Use District Map. 2.0.300 Determination of Land Use District Boundaries. 2.1 Residential Districts (UAR, RL, RS, RM-10, RM, RH) 2.1.100 Purpose, Applicability and Location. 2.1.200 Permitted and Conditional Uses. 2.1.300 Setbacks. 2.1.400 Repeale…
Market overview
Demographics & Economy
Bend, OR has 133,630 residents in 66,392 households. Density runs 160 people per square mile. Median household income here is $92,314 and median gross rent $1,815 a month.
133,630
Population
66,392
Households
2
Avg Household Size
42
Median Age
49%
College-Educated
96%
High-School Grad
836.3 sq mi
ZIP Area
160
Density / Sq Mi
$92,314
Median Household Income
$48,990
Median Earnings
$1,815
Median Rent
$672,114
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Bend?
Commercial property in Bend, OR asks an average of $110 per square foot. The 5 most recent recorded sales traded at a median of $395/SF. Office carries the highest asking price at $417/SF.
How much does it cost to lease commercial space in Bend?
Asking lease rates in Bend, OR average $17.33 per square foot per year.
What zoning applies to commercial property in Bend?
Bend, OR zones 24,078 acres across 20 districts, of which 8.6% is commercial and 9% industrial. The largest single district is Standard Density Residential at 49.7% of zoned land. Residential zoning covers 68% and open space 0%.
Where does Realmo's Bend market data come from?
Realmo compiles Bend, OR figures from 6 recent recorded sales, 247 active sale listings, 45 active lease listings, 3,131 tracked off-market properties, the current Bend zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 247 active for-sale and 45 active for-lease listings in Bend, OR. 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: 24,078 zoned acres across 20 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 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 30 September 2026 · report a data issue
