Commercial Real Estate Market in Tualatin, OR
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
89 active listings and 839 off-market properties in Tualatin, OR. Commercial property asks $198/SF to buy and $18.78/SF/Yr to lease.
Market Trends
Tualatin, OR spans 14.2 square miles in Washington County, Oregon. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Tualatin, OR runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Tualatin, OR runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Tualatin, 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 Tualatin, 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 51%
- Industrial 35.7%
- Commercial 11.1%
- Mixed use 1%
- Civic 0.8%
Largest Zones share of zoned land by district
Low Density Residential
General Manufacturing
Light Manufacturing
Medium Low Density Residential
Manufacturing Park
Tualatin, OR zones 5,365 acres across 17 districts. Commercial zoning covers 11.1% of zoned land, residential 51% and industrial 35.7%. The largest single district is Low Density Residential at 37.4%. For commercial buyers the practical constraint is that only 46.8% of land carries a commercial or industrial designation.
Low Density Residential (RL)
RL Medium-Low Density Residential RML Medium-High Density Residential RMH High Density Residential RH High Density Residential-High Rise RH-HR Institutional IN Office Commercial CO Neighborhood Commercial CN Recreational Commercial CR Central Commercial CC General Commercial CG Mid-Rise/Office Commercial Medical Center Light Manufacturing CO/MR MC ML General…
Market overview
Demographics & Economy
Tualatin, OR has 29,146 residents in 11,659 households. Density runs 2,052 people per square mile. Median household income here is $106,987 and median gross rent $1,721 a month.
29,146
Population
11,659
Households
2.5
Avg Household Size
38
Median Age
46%
College-Educated
94%
High-School Grad
14.2 sq mi
ZIP Area
2,052
Density / Sq Mi
$106,987
Median Household Income
$51,753
Median Earnings
$1,721
Median Rent
$607,800
Median Home Value
Tools
Lease vs Buy Breakeven
At $18.78/SF/Yr lease vs $198/SF buy → buying wins if held > 1.5 years.
At a 9.5% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Tigard | — | $25.93 |
| Lake Oswego | — | $35.08 |
| Sherwood | — | $34.00 |
| Wilsonville | — | $24.17 |
Commercial property in Tualatin, OR asks $198/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Tualatin?
Commercial property in Tualatin, OR asks an average of $198 per square foot. The 3 most recent recorded sales traded at a median of $218/SF. Multifamily carries the highest asking price at $277/SF.
How much does it cost to lease commercial space in Tualatin?
Asking lease rates in Tualatin, OR average $18.78 per square foot per year.
Is it cheaper to lease or buy commercial space in Tualatin?
Buying beats leasing in Tualatin, OR if the property is held longer than 1.5 years, comparing $18.78/SF/Yr asking rent with $198/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
What zoning applies to commercial property in Tualatin?
Tualatin, OR zones 5,365 acres across 17 districts, of which 11.1% is commercial and 35.7% industrial. The largest single district is Low Density Residential at 37.4% of zoned land. RL Medium-Low Density Residential RML Medium-High Density Residential RMH High Density Residential RH High Density Residential-High Rise RH-HR Institutional IN Office Commercial CO Neighborhood Commercial CN Recreational Commercial CR Central Commercial CC General Commercial CG Mid-Rise/Office Commercial Medical Center Light Manufacturing CO/MR MC ML General… Residential zoning covers 51% and open space 0%.
Where does Realmo's Tualatin market data come from?
Realmo compiles Tualatin, OR figures from 4 recent recorded sales, 33 active sale listings, 56 active lease listings, 839 tracked off-market properties, the current Tualatin zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 33 active for-sale and 56 active for-lease listings in Tualatin, 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: 5,365 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
