Commercial Real Estate Market in Hillsboro, OR
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
169 active listings and 2,212 off-market properties in Hillsboro, OR. Commercial property asks $67/SF to buy and $20.93/SF/Yr to lease.
Market Trends
Hillsboro, OR spans 112.8 square miles in Washington County, Oregon. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Hillsboro, OR runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Hillsboro, OR runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Hillsboro, 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 Hillsboro, OR asks $277/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
- Industrial 36.6%
- Civic 36.5%
- Residential 14.1%
- Mixed use 6.7%
- Commercial 6%
Largest Zones share of zoned land by district
Residential
Industrial Park
Industrial General
Industrial Sanctuary
Multi Dwelling Residential
Residential (R-7)
The R-7 zone implements the middle of the Low Density Residential Comprehensive Plan designation density range, providing an opportunity for residential development on moderate sized lots in appropriate areas and encourages livability in existing and future residential neighborhoods with moderate sized lots by allowing residential development with compatible…
Market overview
Demographics & Economy
Hillsboro, OR has 177,979 residents in 70,502 households. Density runs 1,578 people per square mile. Median household income here is $103,352 and median gross rent $1,871 a month.
177,979
Population
70,502
Households
2.5
Avg Household Size
35
Median Age
43%
College-Educated
92%
High-School Grad
112.8 sq mi
ZIP Area
1,578
Density / Sq Mi
$103,352
Median Household Income
$53,739
Median Earnings
$1,871
Median Rent
$505,147
Median Home Value
Tools
Nearby Markets
Commercial property in Hillsboro, OR asks $67/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Hillsboro?
Commercial property in Hillsboro, OR asks an average of $67 per square foot. Multifamily carries the highest asking price at $277/SF.
How much does it cost to lease commercial space in Hillsboro?
Asking lease rates in Hillsboro, OR average $20.93 per square foot per year.
Where does Realmo's Hillsboro market data come from?
Realmo compiles Hillsboro, OR figures from 4 recent recorded sales, 96 active sale listings, 73 active lease listings, 2,212 tracked off-market properties, the current Hillsboro zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 96 active for-sale and 73 active for-lease listings in Hillsboro, 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: 17,379 zoned acres across 38 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
