Commercial Real Estate Market in Redmond, OR
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
113 active listings and 1,289 off-market properties in Redmond, OR.
Market Trends
Redmond, OR spans 126.3 square miles in Deschutes County, Oregon. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Redmond, OR asks $417/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 Redmond, OR runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Redmond, 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 Redmond, OR asks $255/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
- Industrial 33.5%
- Commercial 32.7%
- Residential 18.7%
- Open space 7.9%
- Civic 5%
- Mixed use 1.4%
- Planned_development 0.9%
Largest Zones share of zoned land by district
General Residential
Airport
Limited Residential
Limited Residential
Light Industrial
Redmond, OR zones 13,497 acres across 25 districts. Commercial zoning covers 32.7% of zoned land, residential 18.7%, open space 7.9% and industrial 33.5%. The largest single district is General Residential at 18.2%. For commercial buyers the practical constraint is that only 66.1% of land carries a commercial or industrial designation.
General Residential (R4)
R-4 General Residential Zone. To provide medium density residential neighborhoods with a mix of single-family detached residences, middle housing, and a mix of other housing types including multi-family residential development. Limited commercial uses such as offices are also conditionally permitted where compatible with surrounding development.
Market overview
Demographics & Economy
Redmond, OR has 42,168 residents in 18,335 households. Density runs 334 people per square mile. Median household income here is $84,067 and median gross rent $1,473 a month.
42,168
Population
18,335
Households
2.3
Avg Household Size
40
Median Age
32%
College-Educated
92%
High-School Grad
126.3 sq mi
ZIP Area
334
Density / Sq Mi
$84,067
Median Household Income
$41,909
Median Earnings
$1,473
Median Rent
$469,000
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Redmond?
Commercial property in Redmond, OR asks an average of $28 per square foot. The 6 most recent recorded sales traded at a median of $242/SF. Office carries the highest asking price at $417/SF.
What zoning applies to commercial property in Redmond?
Redmond, OR zones 13,497 acres across 25 districts, of which 32.7% is commercial and 33.5% industrial. The largest single district is General Residential at 18.2% of zoned land. R-4 General Residential Zone. To provide medium density residential neighborhoods with a mix of single-family detached residences, middle housing, and a mix of other housing types including multi-family residential development. Limited commercial uses such as offices are also conditionally permitted where compatible with surrounding development. Residential zoning covers 18.7% and open space 7.9%.
Where does Realmo's Redmond market data come from?
Realmo compiles Redmond, OR figures from 7 recent recorded sales, 88 active sale listings, 25 active lease listings, 1,289 tracked off-market properties, the current Redmond zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 88 active for-sale and 25 active for-lease listings in Redmond, 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: 13,497 zoned acres across 25 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
