Commercial Real Estate Market in McMinnville, OR
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
205 active listings and 920 off-market properties in McMinnville, OR. Commercial property asks $533/SF to buy and $27.75/SF/Yr to lease.
Market Trends
McMinnville, OR spans 112.2 square miles in Yamhill County, Oregon. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in McMinnville, OR runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in McMinnville, OR runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in McMinnville, 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 vacancy in McMinnville, OR runs 8.6% across the West region in 2025, up from 7% in 2022.
Vacancy Rate % in West region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 57.4%
- Industrial 22.5%
- Commercial 12.6%
- Special 6.8%
- Agricultural 0.8%
Largest Zones share of zoned land by district
Low Density Residential 7000 Square Feet Lot
General Industrial
Low Density Residential 9000 Square Feet Lot
General Commercial
Medium High Density Residential 5000 Square Feet Lot
McMinnville, OR zones 6,703 acres across 13 districts. Commercial zoning covers 12.6% of zoned land, residential 57.4% and industrial 22.5%. The largest single district is Low Density Residential 7000 Square Feet Lot at 23.1%. For commercial buyers the practical constraint is that only 35.1% of land carries a commercial or industrial designation.
General Industrial (M-2)
An application for an amendment to the Comprehensive Plan Map from Industrial to Commercial, and an amendment to the Zoning Map from M-2 (General Industrial) to C-3 PD (General Commercial with a Planned Development Overlay) Read more Applications & Fees Committees & Meetings McMinnville Affordable Housing Committee Citizens Advisory Committee Historic Landma…
Market overview
Demographics & Economy
McMinnville, OR has 38,394 residents in 15,291 households. Density runs 342 people per square mile. Median household income here is $72,055 and median gross rent $1,295 a month.
38,394
Population
15,291
Households
2.5
Avg Household Size
40
Median Age
28%
College-Educated
88%
High-School Grad
112.2 sq mi
ZIP Area
342
Density / Sq Mi
$72,055
Median Household Income
$37,427
Median Earnings
$1,295
Median Rent
$419,200
Median Home Value
Tools
Nearby Markets
Commercial property in McMinnville, OR asks $533/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in McMinnville?
Commercial property in McMinnville, OR asks an average of $533 per square foot.
How much does it cost to lease commercial space in McMinnville?
Asking lease rates in McMinnville, OR average $27.75 per square foot per year.
What zoning applies to commercial property in McMinnville?
McMinnville, OR zones 6,703 acres across 13 districts, of which 12.6% is commercial and 22.5% industrial. The largest single district is Low Density Residential 7000 Square Feet Lot at 23.1% of zoned land. Residential zoning covers 57.4% and open space 0%.
Where does Realmo's McMinnville market data come from?
Realmo compiles McMinnville, OR figures from 7 recent recorded sales, 185 active sale listings, 20 active lease listings, 920 tracked off-market properties, the current McMinnville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 185 active for-sale and 20 active for-lease listings in McMinnville, 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: 6,703 zoned acres across 13 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
