Commercial Real Estate Market in Sherwood, OR
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
78 active listings and 609 off-market properties in Sherwood, OR. Commercial property asks $183/SF to buy and $34.00/SF/Yr to lease.
Market Trends
Sherwood, OR spans 44.6 square miles in Washington County, Oregon. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Sherwood, OR runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Sherwood, OR runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Sherwood, 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 Sherwood, OR asks $277/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 38.7%
- Planned_development 24.2%
- Industrial 22%
- Civic 8.2%
- Commercial 6.6%
- Open space 0.1%
Largest Zones share of zoned land by district
Low Density Residential Planned Unit Development
Low Density Residential
Medium Density Residential Low
General Industrial
Institutional Public
Low Density Residential Planned Unit Development (LDR-PUD)
The intent of this to promote Low Density Residential Planned Unit Development Uses
Market overview
Demographics & Economy
Sherwood, OR has 28,365 residents in 9,540 households. Density runs 636 people per square mile. Median household income here is $119,241 and median gross rent $1,934 a month.
28,365
Population
9,540
Households
3
Avg Household Size
38
Median Age
48%
College-Educated
95%
High-School Grad
44.6 sq mi
ZIP Area
636
Density / Sq Mi
$119,241
Median Household Income
$58,718
Median Earnings
$1,934
Median Rent
$618,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Tualatin | — | $18.78 |
| Wilsonville | — | $24.17 |
| Tigard | — | $25.93 |
| Newberg | — | $28.33 |
Commercial property in Sherwood, OR asks $183/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Sherwood?
Commercial property in Sherwood, OR asks an average of $183 per square foot. The 4 most recent recorded sales traded at a median of $188/SF. Multifamily carries the highest asking price at $277/SF.
How much does it cost to lease commercial space in Sherwood?
Asking lease rates in Sherwood, OR average $34.00 per square foot per year.
Where does Realmo's Sherwood market data come from?
Realmo compiles Sherwood, OR figures from 8 recent recorded sales, 32 active sale listings, 46 active lease listings, 609 tracked off-market properties, the current Sherwood zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 32 active for-sale and 46 active for-lease listings in Sherwood, 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: 3,092 zoned acres across 23 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
