Commercial Real Estate Market in Lebanon, OR
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
64 active listings and 861 off-market properties in Lebanon, OR. Commercial property asks $206/SF to buy and $185.51/SF/Yr to lease.
Market Trends
Lebanon, OR spans 214.3 square miles in Linn County, Oregon. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Lebanon, OR runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Lebanon, OR runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Lebanon, 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 Lebanon, OR asks $211/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 33.4%
- Industrial 25.2%
- Civic 17.8%
- Mixed use 15.1%
- Commercial 7.3%
Largest Zones share of zoned land by district
Residential Mixed Density Zone
Industrial Zone
Mixed Use Zone
Residential Low Density Zone
Public Use Zone
Residential Mixed Density Zone (Z-RM)
Use Categories Z-RL Z-RM Z-RH Public Uses with Class I Impacts: City offices and Facilities; Community Development Center; and Utility Offices. CU OP OP Public Uses with Class II Impacts: Public Uses such as Community Centers, Colleges, Universities, Community Colleges, and Adult Education Facilities; Municipal Courts; Museums, Nursery Schools, Preschools; P…
Market overview
Demographics & Economy
Lebanon, OR has 32,413 residents in 13,623 households. Density runs 151 people per square mile. Median household income here is $64,307 and median gross rent $1,267 a month.
32,413
Population
13,623
Households
2.4
Avg Household Size
41
Median Age
18%
College-Educated
91%
High-School Grad
214.3 sq mi
ZIP Area
151
Density / Sq Mi
$64,307
Median Household Income
$39,934
Median Earnings
$1,267
Median Rent
$332,700
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Brownsville | — | — |
| Scio | — | — |
Commercial property in Lebanon, OR asks $206/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lebanon?
Commercial property in Lebanon, OR asks an average of $206 per square foot. The 3 most recent recorded sales traded at a median of $119/SF, so asking sits 74% above the achieved median. Multifamily carries the highest asking price at $211/SF.
How much does it cost to lease commercial space in Lebanon?
Asking lease rates in Lebanon, OR average $185.51 per square foot per year.
Where does Realmo's Lebanon market data come from?
Realmo compiles Lebanon, OR figures from 6 recent recorded sales, 54 active sale listings, 10 active lease listings, 861 tracked off-market properties, the current Lebanon zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 54 active for-sale and 10 active for-lease listings in Lebanon, 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: 4,088 zoned acres across 10 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
