Commercial Real Estate Market in Carnation, WA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
10 active listings and 99 off-market properties in Carnation, WA. Commercial property asks $387/SF to buy and $16.00/SF/Yr to lease.
Market Trends
Carnation, WA spans 87.2 square miles in King County, Washington. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Carnation, WA runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Carnation, WA runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Carnation, WA 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 vacancy in Carnation, WA runs 8.6% across the West region in 2025, up from 7% in 2022.
Vacancy Rate % in West region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 66.6%
- Open space 12.3%
- Commercial 9.6%
- Industrial 6.6%
- Mixed use 5%
Largest Zones share of zoned land by district
Residential 4
Residential 2.5
Parks
Residential 6
Horticultural Commercial
Carnation, WA zones 913 acres across 14 districts. Commercial zoning covers 9.6% of zoned land, residential 66.6%, open space 12.3% and industrial 6.6%. The largest single district is Residential 4 at 24.2%. For commercial buyers the practical constraint is that only 16.2% of land carries a commercial or industrial designation.
Residential 4 (R4)
The R2.5, R3, R4 and R6 districts are designed primarily to accommodate single family detached residential uses at a variety of densities in areas served by public utilities and services
Market overview
Demographics & Economy
Carnation, WA has 7,651 residents in 2,858 households. Density runs 88 people per square mile. Median household income here is $157,680 and median gross rent $1,740 a month.
7,651
Population
2,858
Households
2.7
Avg Household Size
43
Median Age
48%
College-Educated
95%
High-School Grad
87.2 sq mi
ZIP Area
88
Density / Sq Mi
$157,680
Median Household Income
$71,824
Median Earnings
$1,740
Median Rent
$849,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Sammamish | — | — |
| Duvall | — | — |
| Snoqualmie | — | — |
Commercial property in Carnation, WA asks $387/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Carnation?
Commercial property in Carnation, WA asks an average of $387 per square foot. The 6 most recent recorded sales traded at a median of $558/SF.
How much does it cost to lease commercial space in Carnation?
Asking lease rates in Carnation, WA average $16.00 per square foot per year.
What zoning applies to commercial property in Carnation?
Carnation, WA zones 913 acres across 14 districts, of which 9.6% is commercial and 6.6% industrial. The largest single district is Residential 4 at 24.2% of zoned land. The R2.5, R3, R4 and R6 districts are designed primarily to accommodate single family detached residential uses at a variety of densities in areas served by public utilities and services Residential zoning covers 66.6% and open space 12.3%.
Where does Realmo's Carnation market data come from?
Realmo compiles Carnation, WA figures from 8 recent recorded sales, 9 active sale listings, 1 active lease listings, 99 tracked off-market properties, the current Carnation zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 9 active for-sale and 1 active for-lease listings in Carnation, WA. 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: 913 zoned acres across 14 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
