Commercial Real Estate Market in Hubbard, OR
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
9 active listings and 265 off-market properties in Hubbard, OR.
Market Trends
Hubbard, OR spans 17.9 square miles in Marion County, Oregon. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Hubbard, OR runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Hubbard, OR runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Hubbard, 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 Hubbard, OR asks $232/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 52.3%
- Industrial 23.7%
- Commercial 13.6%
- Open space 5.4%
Largest Zones share of zoned land by district
Low Density Residential
Medium Density Residential
Industrial Commercial
Industrial
Commercial
Hubbard, OR zones 507 acres across 9 districts. Commercial zoning covers 13.6% of zoned land, residential 52.3%, open space 5.4% and industrial 23.7%. The largest single district is Low Density Residential at 33.2%. For commercial buyers the practical constraint is that only 37.2% of land carries a commercial or industrial designation.
Commercial (C)
A small-scale manufacturing operation may be permitted in the Commercial (C) District as a conditional use provided that: A. the area involved in the manufacturing of the product does not involve more than 4,000 square feet of floor area, and all storage of materials is enclosed; B. the building and site plan are not incompatible with the character of the co…
Market overview
Demographics & Economy
Hubbard, OR has 5,188 residents in 1,805 households. Density runs 290 people per square mile. Median household income here is $100,301 and median gross rent $1,492 a month.
5,188
Population
1,805
Households
2.9
Avg Household Size
35
Median Age
23%
College-Educated
85%
High-School Grad
17.9 sq mi
ZIP Area
290
Density / Sq Mi
$100,301
Median Household Income
$47,561
Median Earnings
$1,492
Median Rent
$444,200
Median Home Value
Tools
Nearby Markets
Commercial property in Hubbard, OR asks $92/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Hubbard?
Commercial property in Hubbard, OR asks an average of $92 per square foot. The 4 most recent recorded sales traded at a median of $285/SF. Multifamily carries the highest asking price at $232/SF.
What zoning applies to commercial property in Hubbard?
Hubbard, OR zones 507 acres across 9 districts, of which 13.6% is commercial and 23.7% industrial. The largest single district is Low Density Residential at 33.2% of zoned land. Residential zoning covers 52.3% and open space 5.4%.
Where does Realmo's Hubbard market data come from?
Realmo compiles Hubbard, OR figures from 6 recent recorded sales, 5 active sale listings, 4 active lease listings, 265 tracked off-market properties, the current Hubbard zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 5 active for-sale and 4 active for-lease listings in Hubbard, 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: 507 zoned acres across 9 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
