Commercial Real Estate Market in Hermiston, OR
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
57 active listings and 1,143 off-market properties in Hermiston, OR. Commercial property asks $154/SF to buy and $22.13/SF/Yr to lease.
Market Trends
Hermiston, OR spans 202.4 square miles in Umatilla County, Oregon. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Hermiston, OR runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Hermiston, OR runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Hermiston, 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 Hermiston, 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 54.7%
- Industrial 23.8%
- Commercial 12.8%
- Special 5.3%
- Open space 3.4%
Largest Zones share of zoned land by district
Low Density Residential
Outlying Commercial And Heavy Industrial
Medium High Density Residential
Medium Density Residential
Outlying Commercial
Hermiston, OR zones 5,437 acres across 13 districts. Commercial zoning covers 12.8% of zoned land, residential 54.7%, open space 3.4% and industrial 23.8%. The largest single district is Low Density Residential at 19.6%. For commercial buyers the practical constraint is that only 36.6% of land carries a commercial or industrial designation.
Low Density Residential (R-1)
ERAL REGULATIONS. § 157.005 INTERPRETATION. Article II CLASSIFICATION OF ZONES AND ZONING MAP § 157.015 ESTABLISHMENT OF ZONES. § 157.016 ZONING MAP. Article III RESIDENTIAL ZONES § 157.025 LOW DENSITY RESIDENTIAL ZONE (R-1). § 157.026 MEDIUM DENSITY RESIDENTIAL ZONE (R-2). § 157.027 MEDIUM-HIGH DENSITY RESIDENTIAL ZONE (R-3). § 157.028 MULTI-STRUCTURE RESID…
Market overview
Demographics & Economy
Hermiston, OR has 28,387 residents in 10,166 households. Density runs 140 people per square mile. Median household income here is $76,032 and median gross rent $1,046 a month.
28,387
Population
10,166
Households
2.8
Avg Household Size
34
Median Age
15%
College-Educated
79%
High-School Grad
202.4 sq mi
ZIP Area
140
Density / Sq Mi
$76,032
Median Household Income
$40,698
Median Earnings
$1,046
Median Rent
$274,400
Median Home Value
Tools
Nearby Markets
Commercial property in Hermiston, OR asks $154/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Hermiston?
Commercial property in Hermiston, OR asks an average of $154 per square foot. The 5 most recent recorded sales traded at a median of $135/SF, so asking sits 14% above the achieved median.
How much does it cost to lease commercial space in Hermiston?
Asking lease rates in Hermiston, OR average $22.13 per square foot per year.
What zoning applies to commercial property in Hermiston?
Hermiston, OR zones 5,437 acres across 13 districts, of which 12.8% is commercial and 23.8% industrial. The largest single district is Low Density Residential at 19.6% of zoned land. ERAL REGULATIONS. § 157.005 INTERPRETATION. Article II CLASSIFICATION OF ZONES AND ZONING MAP § 157.015 ESTABLISHMENT OF ZONES. § 157.016 ZONING MAP. Article III RESIDENTIAL ZONES § 157.025 LOW DENSITY RESIDENTIAL ZONE (R-1). § 157.026 MEDIUM DENSITY RESIDENTIAL ZONE (R-2). § 157.027 MEDIUM-HIGH DENSITY RESIDENTIAL ZONE (R-3). § 157.028 MULTI-STRUCTURE RESID… Residential zoning covers 54.7% and open space 3.4%.
Where does Realmo's Hermiston market data come from?
Realmo compiles Hermiston, OR figures from 6 recent recorded sales, 50 active sale listings, 7 active lease listings, 1,143 tracked off-market properties, the current Hermiston zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 50 active for-sale and 7 active for-lease listings in Hermiston, 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: 5,437 zoned acres across 13 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
