Commercial Real Estate Market in Colfax, WA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
9 active listings and 266 off-market properties in Colfax, WA.
Market Trends
Colfax, WA spans 307.0 square miles in Whitman County, Washington. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Colfax, WA runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Colfax, WA runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Colfax, 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 space in Colfax, WA asks $185/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 73.3%
- Commercial 22.3%
- Industrial 4.5%
Largest Zones share of zoned land by district
Rural Residential
Business Zone
Residential Zone
Manufacturing Zone
Commercial Zone
Colfax, WA zones 990 acres across 6 districts. Commercial zoning covers 22.3% of zoned land, residential 73.3% and industrial 4.5%. The largest single district is Rural Residential at 57.5%. For commercial buyers the practical constraint is that only 26.8% of land carries a commercial or industrial designation.
Manufacturing Zone (M)
M-Manufacturing zone - Uses permitted. § 17.08.090 SC zone - Uses permitted. Ch 17.10 ACCESSORY DWELLING UNITS § 17.10.010 Established. § 17.10.020 Purpose. § 17.10.030 Applicability. § 17.10.040 Development standards. § 17.10.045 Design standards. Ch 17.12 GENERAL AND SUPPLEMENTARY REGULATIONS
Market overview
Demographics & Economy
Colfax, WA has 4,029 residents in 1,920 households. Density runs 13 people per square mile. Median household income here is $66,333 and median gross rent $983 a month.
4,029
Population
1,920
Households
2.1
Avg Household Size
46
Median Age
30%
College-Educated
93%
High-School Grad
307 sq mi
ZIP Area
13
Density / Sq Mi
$66,333
Median Household Income
$44,243
Median Earnings
$983
Median Rent
$264,300
Median Home Value
Tools
Nearby Markets
Commercial property in Colfax, WA asks $1,119/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Colfax?
Commercial property in Colfax, WA asks an average of $1,119 per square foot. Multifamily carries the highest asking price at $185/SF.
What zoning applies to commercial property in Colfax?
Colfax, WA zones 990 acres across 6 districts, of which 22.3% is commercial and 4.5% industrial. The largest single district is Rural Residential at 57.5% of zoned land. Residential zoning covers 73.3% and open space 0%.
Where does Realmo's Colfax market data come from?
Realmo compiles Colfax, WA figures from 8 active sale listings, 1 active lease listings, 266 tracked off-market properties, the current Colfax zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 8 active for-sale and 1 active for-lease listings in Colfax, 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: 990 zoned acres across 6 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
