Commercial Real Estate Market in Gresham, OR
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
154 active listings and 1,642 off-market properties in Gresham, OR. Commercial property asks $147/SF to buy and $25.75/SF/Yr to lease.
Market Trends
Gresham, OR spans 29.1 square miles in Multnomah County, Oregon. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Gresham, OR runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Gresham, OR runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Gresham, 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 Gresham, 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 67.4%
- Industrial 20.3%
- Commercial 5.9%
- Mixed use 4.8%
- Civic 1.5%
Largest Zones share of zoned land by district
Low Density Residential 5
Low Density Residential 7
General Industrial
Low Density Residential Pleasant Valley
Industrial Springwater
Gresham, OR zones 14,733 acres across 43 districts. Commercial zoning covers 5.9% of zoned land, residential 67.4% and industrial 20.3%. The largest single district is Low Density Residential 5 at 29.8%. For commercial buyers the practical constraint is that only 26.3% of land carries a commercial or industrial designation.
Low Density Residential Pleasant Valley (LDR-PV)
Residential Districts Other than LDR-5, LDR-7, TLDR, and TR 4.0134 Single Detached Dwelling and Middle Housing Construction on a Lot 4.0135 Manufactured Dwelling Requirements 4.0136 Flag Lot Standards for LDR-5, LDR-7, LDR-PV, TLDR, and TR 4.0137 Large Lot Subdivision Option for LDR-5 and LDR-7 4.0140 Solar Energy Standards for Residential Districts 4.0141 W…
Market overview
Demographics & Economy
Gresham, OR has 85,139 residents in 33,776 households. Density runs 2,923 people per square mile. Median household income here is $80,250 and median gross rent $1,600 a month.
85,139
Population
33,776
Households
2.5
Avg Household Size
38
Median Age
25%
College-Educated
89%
High-School Grad
29.1 sq mi
ZIP Area
2,923
Density / Sq Mi
$80,250
Median Household Income
$44,218
Median Earnings
$1,600
Median Rent
$453,968
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Gresham?
Commercial property in Gresham, OR asks an average of $147 per square foot. The 4 most recent recorded sales traded at a median of $276/SF.
How much does it cost to lease commercial space in Gresham?
Asking lease rates in Gresham, OR average $25.75 per square foot per year.
What zoning applies to commercial property in Gresham?
Gresham, OR zones 14,733 acres across 43 districts, of which 5.9% is commercial and 20.3% industrial. The largest single district is Low Density Residential 5 at 29.8% of zoned land. Residential zoning covers 67.4% and open space 0%.
Where does Realmo's Gresham market data come from?
Realmo compiles Gresham, OR figures from 4 recent recorded sales, 116 active sale listings, 38 active lease listings, 1,642 tracked off-market properties, the current Gresham zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 116 active for-sale and 38 active for-lease listings in Gresham, 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: 14,733 zoned acres across 43 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
