Commercial Real Estate Market in Independence, OR
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
15 active listings and 323 off-market properties in Independence, OR.
Market Trends
Independence, OR spans 52.3 square miles in Polk County, Oregon. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Independence, OR runs 20.8% across the West region in 2025, up from 11% in 2019.
Retail
Retail vacancy in Independence, OR runs 5.8% across the West region in 2025, down from 7% in 2020.
Industrial
Industrial vacancy in Independence, 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
Multifamily vacancy in Independence, OR runs 8.6% across the West region in 2025, up from 7% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 42.3%
- Civic 18.3%
- Industrial 17%
- Mixed use 14.6%
- Special 6.7%
- Agricultural 1.2%
Largest Zones share of zoned land by district
K. Public Services (PS) L. Willamette Greenway Development District (GD) M. Agriculture Zone (AG) N. Airport Development District (ADD) O. Airport Safety & Compatibility Overlay (ASCO) 10.030 Official Zoning Map 4 A. The boundaries for each zone listed in this ordinance shall be identified on the official zoning map of the City of Independence, hereby adopte…
Market overview
Demographics & Economy
Independence, OR has 11,292 residents in 3,697 households. Density runs 216 people per square mile. Median household income here is $84,717 and median gross rent $1,592 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Dallas | $189 | — |
| Salem | $210 | $22.87 |
| Keizer | $242 | — |
Commercial property in Independence, OR asks $194/SF. The 3 bordering markets run from $189/SF in Dallas to $242/SF in Keizer, and the city sits below their $210/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Independence?
How does Independence compare to nearby markets on price?
Where does Realmo's Independence market data come from?
Methodology & data sources
- Asking prices and medians
- There are 15 active for-sale and 0 active for-lease listings in Independence, 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.
- Zoning and land use
- The current municipal zoning release: 1,643 zoned acres across 14 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 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
