Commercial Real Estate Market in Dallas, OR
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
40 active listings and 558 off-market properties in Dallas, OR. Commercial property asks $287/SF to buy and $14.64/SF/Yr to lease.
Market Trends
Dallas, OR spans 124.8 square miles in Polk County, Oregon. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Dallas, OR runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Dallas, OR runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Dallas, 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 vacancy in Dallas, OR 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 64.7%
- Civic 15.3%
- Industrial 12.6%
- Commercial 4.3%
- Open space 3.1%
Largest Zones share of zoned land by district
Residential Low Density
Industrial
Residential Medium Density
Residential High Density
General Commercial
Dallas, OR zones 3,158 acres across 9 districts. Commercial zoning covers 4.3% of zoned land, residential 64.7%, open space 3.1% and industrial 12.6%. The largest single district is Residential Low Density at 63.2%. For commercial buyers the practical constraint is that only 16.9% of land carries a commercial or industrial designation.
Residential Low Density (RL)
This district accommodates a residential density of between 4 and 9 dwelling units per net buildable acre under the base development standards of the district
Market overview
Demographics & Economy
Dallas, OR has 22,741 residents in 9,109 households. Density runs 182 people per square mile. Median household income here is $73,345 and median gross rent $1,197 a month.
22,741
Population
9,109
Households
2.5
Avg Household Size
44
Median Age
25%
College-Educated
92%
High-School Grad
124.8 sq mi
ZIP Area
182
Density / Sq Mi
$73,345
Median Household Income
$37,359
Median Earnings
$1,197
Median Rent
$388,100
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Dallas?
Commercial property in Dallas, OR asks an average of $287 per square foot. The 5 most recent recorded sales traded at a median of $222/SF, so asking sits 29% above the achieved median.
How much does it cost to lease commercial space in Dallas?
Asking lease rates in Dallas, OR average $14.64 per square foot per year.
What zoning applies to commercial property in Dallas?
Dallas, OR zones 3,158 acres across 9 districts, of which 4.3% is commercial and 12.6% industrial. The largest single district is Residential Low Density at 63.2% of zoned land. This district accommodates a residential density of between 4 and 9 dwelling units per net buildable acre under the base development standards of the district Residential zoning covers 64.7% and open space 3.1%.
Where does Realmo's Dallas market data come from?
Realmo compiles Dallas, OR figures from 6 recent recorded sales, 37 active sale listings, 3 active lease listings, 558 tracked off-market properties, the current Dallas zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 37 active for-sale and 3 active for-lease listings in Dallas, 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: 3,158 zoned acres across 9 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
