Commercial Real Estate Market in Cornelius, OR
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
13 active listings and 418 off-market properties in Cornelius, OR. Commercial property asks $34/SF to buy and $10.99/SF/Yr to lease.
Market Trends
Cornelius, OR spans 135.8 square miles in Washington County, Oregon. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Cornelius, OR runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Cornelius, OR runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Cornelius, 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 Cornelius, OR asks $277/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 72.9%
- Industrial 11.2%
- Mixed use 8.7%
- Commercial 7.3%
Largest Zones share of zoned land by district
Low Density Residential
Multi Unit Residential
General Industrial
Highway Commercial
Manufactured Home Park
Cornelius, OR zones 1,200 acres across 10 districts. Commercial zoning covers 7.3% of zoned land, residential 72.9% and industrial 11.2%. The largest single district is Low Density Residential at 41.7%. For commercial buyers the practical constraint is that only 18.5% of land carries a commercial or industrial designation.
General Industrial (M1)
IGHWAY COMMERCIAL ZONE (C-2) (§ 18.45.010 - § 18.45.070) Chapter 18.50 CORE COMMERCIAL-EMPLOYMENT DISTRICT (CE) Chapter 18.54 LIGHT INDUSTRIAL ZONE (LI) (§ 18.54.010 - § 18.54.080) Chapter 18.55 GENERAL INDUSTRIAL ZONE (M-1) (§ 18.55.010 - § 18.55.080) Chapter 18.60 CENTRAL MIXED USE ZONE (CMU) (§ 18.60.010 - § 18.60.080) Chapter 18.65 CORRIDOR COMMERCIAL (C…
Market overview
Demographics & Economy
Cornelius, OR has 116,931 residents in 45,361 households. Density runs 861 people per square mile. Median household income here is $104,827 and median gross rent $1,816 a month.
116,931
Population
45,361
Households
2.6
Avg Household Size
36
Median Age
38%
College-Educated
89%
High-School Grad
135.8 sq mi
ZIP Area
861
Density / Sq Mi
$104,827
Median Household Income
$51,152
Median Earnings
$1,816
Median Rent
$495,458
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Cornelius?
Commercial property in Cornelius, OR asks an average of $34 per square foot. The 4 most recent recorded sales traded at a median of $336/SF. Multifamily carries the highest asking price at $277/SF.
How much does it cost to lease commercial space in Cornelius?
Asking lease rates in Cornelius, OR average $10.99 per square foot per year.
What zoning applies to commercial property in Cornelius?
Cornelius, OR zones 1,200 acres across 10 districts, of which 7.3% is commercial and 11.2% industrial. The largest single district is Low Density Residential at 41.7% of zoned land. Residential zoning covers 72.9% and open space 0%.
Where does Realmo's Cornelius market data come from?
Realmo compiles Cornelius, OR figures from 5 recent recorded sales, 6 active sale listings, 7 active lease listings, 418 tracked off-market properties, the current Cornelius zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 6 active for-sale and 7 active for-lease listings in Cornelius, 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: 1,200 zoned acres across 10 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
