Commercial Real Estate Market in Forest Grove, OR
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
27 active listings and 490 off-market properties in Forest Grove, OR.
Market Trends
Forest Grove, OR spans 82.1 square miles in Washington County, Oregon. Figures below refresh monthly; last updated 31 October 2026.
Office
Across Washington County, office space asks $263/SF to buy. Office vacancy in Forest Grove, OR runs 20.8% across the West region in 2025, up from 11% in 2019.
Retail
Across Washington County, retail space asks $274/SF to buy. Retail vacancy in Forest Grove, OR runs 5.8% across the West region in 2025, down from 7% in 2020.
Industrial
Industrial vacancy in Forest Grove, 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%.
Multifamily
Across Washington County, multifamily space asks $265/SF to buy. Multifamily vacancy in Forest Grove, OR runs 8.6% across the West region in 2025, up from 7% in 2022.
Market overview
Demographics & Economy
Forest Grove, OR has 29,351 residents in 10,229 households. Density runs 358 people per square mile. Median household income here is $87,308 and median gross rent $1,397 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Cornelius | $295 (county avg) | — |
| Hillsboro | $285 | $23.00 |
Commercial property in Forest Grove, OR asks $254/SF. The 2 bordering markets run from $285/SF in Hillsboro to $295/SF in Cornelius (county figure), and the city sits below their $290/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Forest Grove?
How does Forest Grove compare to nearby markets on price?
Where does Realmo's Forest Grove market data come from?
Methodology & data sources
- Asking prices and medians
- There are 20 active for-sale and 7 active for-lease listings in Forest Grove, OR. The sale median is based on 12 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 October 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 31 October 2026 · How Realmo checks market page data · Report a data issue
