Commercial Real Estate Market in Prineville, OR
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
198 active listings and 809 off-market properties in Prineville, OR. Commercial property asks $11/SF to buy and $21.00/SF/Yr to lease.
Market Trends
Prineville, OR spans 1,370.6 square miles in Crook County, Oregon. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Prineville, OR asks $234/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 vacancy in Prineville, OR runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Prineville, 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 Prineville, 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
- Commercial 42%
- Industrial 28.8%
- Special 9.2%
- Open space 8.2%
- Residential 5.6%
- Planned_development 5.5%
- Mixed use 0.8%
Largest Zones share of zoned land by district
General Residential
Light Industrial
Open Space And Park Reserve
Industrial Park
Airport Development
Prineville, OR zones 8,363 acres across 17 districts. Commercial zoning covers 42% of zoned land, residential 5.6%, open space 8.2% and industrial 28.8%. The largest single district is General Residential at 34.5%. For commercial buyers the practical constraint is that only 70.8% of land carries a commercial or industrial designation.
General Residential (R-2)
GENERAL RESIDENTIAL R-2 ZONE. In an R-2 Zone, the following regulations shall apply: (A) Purpose. It is the purpose of the R-2 Zone to provide for residential areas which permit a mixture of a variety of housing types at various densities in a more planned type of development design, including a minimum of nonresidential commercial convenience and service ty…
Market overview
Demographics & Economy
Prineville, OR has 21,627 residents in 9,985 households. Density runs 16 people per square mile. Median household income here is $76,698 and median gross rent $1,224 a month.
21,627
Population
9,985
Households
2.2
Avg Household Size
46
Median Age
21%
College-Educated
90%
High-School Grad
1370.6 sq mi
ZIP Area
16
Density / Sq Mi
$76,698
Median Household Income
$42,395
Median Earnings
$1,224
Median Rent
$397,700
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Prineville?
Commercial property in Prineville, OR asks an average of $11 per square foot. Office carries the highest asking price at $234/SF.
How much does it cost to lease commercial space in Prineville?
Asking lease rates in Prineville, OR average $21.00 per square foot per year.
What zoning applies to commercial property in Prineville?
Prineville, OR zones 8,363 acres across 17 districts, of which 42% is commercial and 28.8% industrial. The largest single district is General Residential at 34.5% of zoned land. GENERAL RESIDENTIAL R-2 ZONE. In an R-2 Zone, the following regulations shall apply: (A) Purpose. It is the purpose of the R-2 Zone to provide for residential areas which permit a mixture of a variety of housing types at various densities in a more planned type of development design, including a minimum of nonresidential commercial convenience and service ty… Residential zoning covers 5.6% and open space 8.2%.
Where does Realmo's Prineville market data come from?
Realmo compiles Prineville, OR figures from 3 recent recorded sales, 191 active sale listings, 7 active lease listings, 809 tracked off-market properties, the current Prineville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 191 active for-sale and 7 active for-lease listings in Prineville, 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: 8,363 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
