Commercial Real Estate Market in Toledo, OR
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
10 active listings and 279 off-market properties in Toledo, OR.
Market Trends
Toledo, OR spans 115.3 square miles in Lincoln County, Oregon. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Toledo, OR runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail space in Toledo, OR asks $215/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 Toledo, 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 Toledo, OR asks $287/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 50.2%
- Industrial 22.7%
- Open space 15.2%
- Commercial 5%
- Civic 3.8%
- Mixed use 0.3%
Largest Zones share of zoned land by district
Urban Growth Boundary Low Density Residential
Residential General
Single Family Residential
Industrial
Urban Growth Boundary Natural Resource
Toledo, OR zones 2,434 acres across 17 districts. Commercial zoning covers 5% of zoned land, residential 50.2%, open space 15.2% and industrial 22.7%. The largest single district is Urban Growth Boundary Low Density Residential at 18.5%. For commercial buyers the practical constraint is that only 27.7% of land carries a commercial or industrial designation.
Residential General (R-G)
General Residential (R-G) - The purpose of the R-G zone is to encourage a wide range of housing types, including, multi-family, single-family, accessory dwelling units, and cottage clusters. economical, higher-density housing in these designated areas and the facilities and services which go along with those residences. In addition, some other uses may be ev…
Market overview
Demographics & Economy
Toledo, OR has 5,610 residents in 2,478 households. Density runs 49 people per square mile. Median household income here is $57,793 and median gross rent $1,046 a month.
5,610
Population
2,478
Households
2.3
Avg Household Size
42
Median Age
23%
College-Educated
86%
High-School Grad
115.3 sq mi
ZIP Area
49
Density / Sq Mi
$57,793
Median Household Income
$35,241
Median Earnings
$1,046
Median Rent
$355,100
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Toledo?
Commercial property in Toledo, OR asks an average of $238 per square foot. The 4 most recent recorded sales traded at a median of $222/SF, so asking sits 8% above the achieved median. Multifamily carries the highest asking price at $287/SF.
What zoning applies to commercial property in Toledo?
Toledo, OR zones 2,434 acres across 17 districts, of which 5% is commercial and 22.7% industrial. The largest single district is Urban Growth Boundary Low Density Residential at 18.5% of zoned land. Residential zoning covers 50.2% and open space 15.2%.
Where does Realmo's Toledo market data come from?
Realmo compiles Toledo, OR figures from 5 recent recorded sales, 10 active sale listings, 279 tracked off-market properties, the current Toledo zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 10 active for-sale and 0 active for-lease listings in Toledo, 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: 2,434 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
