Commercial Real Estate Market in Merlin, OR
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
41 active listings and 111 off-market properties in Merlin, OR. Commercial property asks $323/SF to buy and $2.87/SF/Yr to lease.
Market Trends
Merlin, OR spans 84.4 square miles in Josephine County, Oregon. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Merlin, OR asks $127/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 Merlin, OR asks $217/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 Merlin, 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 Merlin, OR asks $187/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
Merlin, OR has 2,480 residents in 974 households. Density runs 29 people per square mile. Median household income here is $77,125 and median gross rent $894 a month.
2,480
Population
974
Households
2.5
Avg Household Size
53
Median Age
24%
College-Educated
87%
High-School Grad
84.4 sq mi
ZIP Area
29
Density / Sq Mi
$77,125
Median Household Income
$36,628
Median Earnings
$894
Median Rent
$417,700
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Merlin?
Commercial property in Merlin, OR asks an average of $323 per square foot. Retail carries the highest asking price at $217/SF.
How much does it cost to lease commercial space in Merlin?
Asking lease rates in Merlin, OR average $2.87 per square foot per year.
Where does Realmo's Merlin market data come from?
Realmo compiles Merlin, OR figures from 3 recent recorded sales, 40 active sale listings, 1 active lease listings, 111 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 40 active for-sale and 1 active for-lease listings in Merlin, 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
