Commercial Real Estate Market in Des Moines, WA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
23 active listings and 222 off-market properties in Des Moines, WA. Commercial property asks $453/SF to buy and $22.00/SF/Yr to lease.
Market Trends
Des Moines, WA spans 10.4 square miles in King County, Washington. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Des Moines, WA runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Des Moines, WA runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Des Moines, 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 Des Moines, WA runs 8.6% across the West region in 2025, up from 7% in 2022.
Vacancy Rate % in West region
Market overview
Demographics & Economy
Des Moines, WA has 49,819 residents in 19,649 households. Density runs 4,774 people per square mile. Median household income here is $84,618 and median gross rent $1,785 a month.
49,819
Population
19,649
Households
2.5
Avg Household Size
38
Median Age
31%
College-Educated
87%
High-School Grad
10.4 sq mi
ZIP Area
4,774
Density / Sq Mi
$84,618
Median Household Income
$47,958
Median Earnings
$1,785
Median Rent
$538,076
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Seatac | — | — |
| Burien | — | — |
| Renton | — | $17.92 |
| Seattle | — | $29.59 |
Commercial property in Des Moines, WA asks $453/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Des Moines?
Commercial property in Des Moines, WA asks an average of $453 per square foot. The 6 most recent recorded sales traded at a median of $293/SF, so asking sits 55% above the achieved median.
How much does it cost to lease commercial space in Des Moines?
Asking lease rates in Des Moines, WA average $22.00 per square foot per year.
Where does Realmo's Des Moines market data come from?
Realmo compiles Des Moines, WA figures from 7 recent recorded sales, 18 active sale listings, 5 active lease listings, 222 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 18 active for-sale and 5 active for-lease listings in Des Moines, 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.
- 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
