Commercial Real Estate Market in Washington
Washington has 4,308 active for-sale listings and 4,120 active for-lease listings. Statewide, the median asking price is $240/SF and the median asking rent is $22.00/SF/Yr as of November 2026. Realmo tracks 66 city markets here; among the 35 with enough listings to rank, median asking prices range from $118/SF in Colville to $565/SF in Bellevue.
- Median asking price
- $240/SF
- Median asking rent
- $22.00/SF/Yr
- For-sale listings
- 4,308
- For-lease listings
- 4,120
- City markets
- 66
Highest- and Lowest-Priced Markets
Asking prices vary across Washington: the median in Bellevue is $565/SF, 4.8x the $118/SF median in Colville. The figures below are median asking prices from live listings, not closed sales.
Asking Prices
The highest median asking prices are in Bellevue at $565/SF, Seattle at $396/SF and Kent at $316/SF. The lowest median asking prices are in Colville at $118/SF, Aberdeen at $122/SF and Sunnyside at $132/SF. 17 of 35 ranked markets have median asking prices above the statewide $240/SF.
Asking Rents
The highest median asking rents are in Bellevue at $34.50/SF/Yr, Seattle at $30.00/SF/Yr and Vancouver at $26.50/SF/Yr. The lowest median asking rents are in Kennewick at $16.75/SF/Yr, Richland at $17.00/SF/Yr and Spokane at $18.00/SF/Yr. 3 of 9 ranked markets have median asking rents above the statewide $22.00/SF/Yr.
Washington vs. Neighboring States
The median asking rent is $22.00/SF/Yr, compared with $22.00/SF/Yr in Oregon and $20.00/SF/Yr in Idaho next door. The statewide median asking price is above the U.S. median of $178/SF.
| State | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr | For-Sale Listings | For-Lease Listings |
|---|---|---|---|---|
| Washington | $240 | $22.00 | 4,308 | 4,120 |
| Idaho | $206 | $20.00 | 2,074 | 831 |
| Oregon | $228 | $22.00 | 3,640 | 2,410 |
| United States | $178 | $18.28 | 265,785 | 185,367 |
A dash means fewer than 10 listings with a usable price.
Commercial Real Estate Markets in Washington
Realmo tracks 66 city markets in Washington; the 40 with the most active listings are listed below. Seattle leads with 1,472 active listings, followed by Spokane and Tacoma.
| City | Active Listings | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|---|
| Seattle | 1,472 | $396 | $30.00 |
| Spokane | 621 | $171 | $18.00 |
| Tacoma | 416 | $279 | $22.00 |
| Kennewick | 413 | $216 | $16.75 |
| Bellevue | 278 | $565 | $34.50 |
| Richland | 245 | $176 | $17.00 |
| Vancouver | 206 | $283 | $26.50 |
| Pasco | 196 | $216 | — |
| Kent | 177 | $316 | — |
| Spokane Valley | 161 | $209 | $21.00 |
| Everett | 156 | $313 | $21.13 |
| Bellingham | 152 | $310 | — |
| Olympia | 152 | $250 | — |
| Puyallup | 139 | $303 | — |
| Yakima | 134 | $169 | — |
| Renton | 114 | $299 | — |
| Kirkland | 103 | — | — |
| Auburn | 102 | $300 | — |
| Federal Way | 100 | $294 | — |
| Redmond | 100 | — | — |
| Lynnwood | 91 | $272 | — |
| Lakewood | 85 | $271 | — |
| Tukwila | 78 | — | — |
| Bothell | 73 | — | — |
| Bremerton | 72 | $260 | — |
| Lacey | 62 | — | — |
| Pullman | 61 | $178 | — |
| Marysville | 59 | $299 | — |
| Clarkston | 56 | $175 | — |
| Arlington | 52 | $258 | — |
| Issaquah | 49 | — | — |
| Tumwater | 49 | — | — |
| West Richland | 47 | — | — |
| Longview | 46 | $239 | — |
| Wenatchee | 42 | $217 | — |
| Sumner | 38 | — | — |
| Port Orchard | 35 | — | — |
| Centralia | 33 | — | — |
| Shoreline | 32 | — | — |
| Aberdeen | 31 | $122 | — |
Same method as the statewide figures. A dash means fewer than 10 listings with a usable price.
Frequently Asked Questions
What is the median price per square foot for commercial property in Washington?
How much does it cost to lease commercial space in Washington?
Which cities have the highest and lowest commercial property prices?
Which markets in Washington have the most active listings?
Where does Realmo's market data come from?
Methodology and Data Sources
- Listing coverage
- Asking figures come from 4,308 active for-sale and 4,120 active for-lease listings across Washington in Realmo's public listing index. They are asking prices, not closed-transaction prices. Sale and lease counts are separate and may overlap. Land listings are not counted. The medians are based on the 1,764 for-sale and 424 for-lease listings that state a price or rent per square foot.
- Asking prices and rents
- Prices are medians of each listing's asking price per square foot, so a few very high or very low listings do not skew them. Data-entry errors are left out, and a median is published only with at least 10 listings with a usable price. A listing with a price range can contribute both endpoints.
- Neighboring states
- Neighboring-state comparisons use the same method and the same snapshot for every state, plus the United States as a reference.
- City markets
- The city list includes cities with more than 3 active listings whose market page has enough data to publish, ordered by active listings, up to 40. The price ranking covers cities with at least 10 priced listings for each metric and leaves out a city more than three times above or below the statewide median. City counts and prices use the same method as the statewide figures, so the table compares like with like; a city's own market page uses its own method, so its figures can differ.
- Updates
- Statewide and neighboring-state figures refresh hourly and city figures daily. Last updated 6 November 2026.
