Commercial Real Estate Market in Klamath Falls, OR
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
264 active listings and 2,395 off-market properties in Klamath Falls, OR. Commercial property asks $82/SF to buy and $12.95/SF/Yr to lease.
Market Trends
Klamath Falls, OR spans 968.9 square miles in Klamath County, Oregon. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Klamath Falls, OR asks $144/SF to buy. Vacancy runs 20.8% across the West region in 2025, up from 11% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Retail
Retail space in Klamath Falls, OR asks $105/SF to buy. Vacancy runs 5.8% across the West region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Industrial
Industrial vacancy in Klamath Falls, 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 Klamath Falls, OR asks $204/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
Market overview
Demographics & Economy
Klamath Falls, OR has 54,752 residents in 24,566 households. Density runs 57 people per square mile. Median household income here is $59,883 and median gross rent $981 a month.
54,752
Population
24,566
Households
2.2
Avg Household Size
40
Median Age
23%
College-Educated
90%
High-School Grad
968.9 sq mi
ZIP Area
57
Density / Sq Mi
$59,883
Median Household Income
$36,797
Median Earnings
$981
Median Rent
$258,176
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Klamath Falls?
Commercial property in Klamath Falls, OR asks an average of $82 per square foot. The 4 most recent recorded sales traded at a median of $147/SF. Multifamily carries the highest asking price at $204/SF.
How much does it cost to lease commercial space in Klamath Falls?
Asking lease rates in Klamath Falls, OR average $12.95 per square foot per year.
Where does Realmo's Klamath Falls market data come from?
Realmo compiles Klamath Falls, OR figures from 5 recent recorded sales, 245 active sale listings, 19 active lease listings, 2,395 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 245 active for-sale and 19 active for-lease listings in Klamath Falls, 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.
- 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
