Commercial Real Estate Market in Eugene, OR
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
321 active listings and 6,361 off-market properties in Eugene, OR. Commercial property asks $175/SF to buy and $19.98/SF/Yr to lease.
Market Trends
Eugene, OR spans 380.8 square miles in Lane County, Oregon. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Eugene, OR runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Eugene, OR runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Eugene, 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 Eugene, OR asks $249/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 57.4%
- Industrial 14.2%
- Civic 9.4%
- Agricultural 6.7%
- Commercial 5.9%
- Mixed use 3.2%
- Open space 0.2%
- Special 0%
Largest Zones share of zoned land by district
Low Density Residential
Public Land
Heavy Industrial
Agricultural
Light Medium Industrial
Eugene, OR zones 29,694 acres across 29 districts. Commercial zoning covers 5.9% of zoned land, residential 57.4%, open space 0.2% and industrial 14.2%. The largest single district is Low Density Residential at 51.7%. For commercial buyers the practical constraint is that only 20.1% of land carries a commercial or industrial designation.
Low Density Residential (R-1)
The purpose of the R-1 Low-Density Residential zone is to implement the comprehensive plan by providing areas for low-density residential use. The R-1 zone is designed for single-unit dwellings with some allowance for other types of dwellings and middle housing and is also intended to provide a limited range of non-residential uses that can enhance the quali…
Market overview
Demographics & Economy
Eugene, OR has 216,132 residents in 95,386 households. Density runs 568 people per square mile. Median household income here is $70,027 and median gross rent $1,366 a month.
216,132
Population
95,386
Households
2.3
Avg Household Size
38
Median Age
42%
College-Educated
94%
High-School Grad
380.8 sq mi
ZIP Area
568
Density / Sq Mi
$70,027
Median Household Income
$35,487
Median Earnings
$1,366
Median Rent
$439,070
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Eugene?
Commercial property in Eugene, OR asks an average of $175 per square foot. Multifamily carries the highest asking price at $249/SF.
How much does it cost to lease commercial space in Eugene?
Asking lease rates in Eugene, OR average $19.98 per square foot per year.
What zoning applies to commercial property in Eugene?
Eugene, OR zones 29,694 acres across 29 districts, of which 5.9% is commercial and 14.2% industrial. The largest single district is Low Density Residential at 51.7% of zoned land. The purpose of the R-1 Low-Density Residential zone is to implement the comprehensive plan by providing areas for low-density residential use. The R-1 zone is designed for single-unit dwellings with some allowance for other types of dwellings and middle housing and is also intended to provide a limited range of non-residential uses that can enhance the quali… Residential zoning covers 57.4% and open space 0.2%.
Where does Realmo's Eugene market data come from?
Realmo compiles Eugene, OR figures from 259 active sale listings, 62 active lease listings, 6,361 tracked off-market properties, the current Eugene zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 259 active for-sale and 62 active for-lease listings in Eugene, 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: 29,694 zoned acres across 29 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
