Commercial Real Estate Market in Medford, OR
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
389 active listings and 3,284 off-market properties in Medford, OR. Commercial property asks $49/SF to buy and $14.97/SF/Yr to lease.
Market Trends
Medford, OR spans 252.4 square miles in Jackson County, Oregon. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Medford, OR runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail space in Medford, OR asks $167/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 Medford, 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 Medford, OR asks $205/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 65.5%
- Industrial 16%
- Commercial 11.6%
- Open space 3.6%
- Civic 3.3%
Largest Zones share of zoned land by district
Single Family Residential 4 Dwelling Units Per Gross Acre
Single Family Residential 6 Dwelling Units Per Gross Acre
Light Industrial District
Single Family Residential 1 Dwelling Unit Per Existing Lot
Single Family Residential 10 Dwelling Units Per Gross Acre
Medford, OR zones 18,335 acres across 17 districts. Commercial zoning covers 11.6% of zoned land, residential 65.5%, open space 3.6% and industrial 16%. The largest single district is Single Family Residential 4 Dwelling Units Per Gross Acre at 29.8%. For commercial buyers the practical constraint is that only 27.6% of land carries a commercial or industrial designation.
Single Family Residential 4 Dwelling Units Per Gross Acre (SFR-4)
This urban residential district is representative of historical low density, large lot single-family development as well as all middle housing types
Market overview
Demographics & Economy
Medford, OR has 139,368 residents in 57,085 households. Density runs 552 people per square mile. Median household income here is $72,788 and median gross rent $1,279 a month.
139,368
Population
57,085
Households
2.4
Avg Household Size
40
Median Age
26%
College-Educated
90%
High-School Grad
252.4 sq mi
ZIP Area
552
Density / Sq Mi
$72,788
Median Household Income
$40,335
Median Earnings
$1,279
Median Rent
$377,206
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Phoenix | — | $12.40 |
| Talent | — | — |
| Ashland | — | — |
| Jacksonville | — | — |
Commercial property in Medford, OR asks $49/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Medford?
Commercial property in Medford, OR asks an average of $49 per square foot. The 3 most recent recorded sales traded at a median of $130/SF. Multifamily carries the highest asking price at $205/SF.
How much does it cost to lease commercial space in Medford?
Asking lease rates in Medford, OR average $14.97 per square foot per year.
What zoning applies to commercial property in Medford?
Medford, OR zones 18,335 acres across 17 districts, of which 11.6% is commercial and 16% industrial. The largest single district is Single Family Residential 4 Dwelling Units Per Gross Acre at 29.8% of zoned land. This urban residential district is representative of historical low density, large lot single-family development as well as all middle housing types Residential zoning covers 65.5% and open space 3.6%.
Where does Realmo's Medford market data come from?
Realmo compiles Medford, OR figures from 5 recent recorded sales, 275 active sale listings, 114 active lease listings, 3,284 tracked off-market properties, the current Medford zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 275 active for-sale and 114 active for-lease listings in Medford, 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: 18,335 zoned acres across 17 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
