Commercial Real Estate Market in Elma, WA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
20 active listings and 285 off-market properties in Elma, WA.
Market Trends
Elma, WA spans 195.6 square miles in Grays Harbor County, Washington. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Elma, WA runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Elma, WA runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Elma, 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 Elma, 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 52.4%
- Industrial 42.6%
- Civic 4%
- Commercial 0.6%
Largest Zones share of zoned land by district
General Residential
Industrial
General Commercial
Rural Residential
Community Business
Elma, WA zones 1,749 acres across 7 districts. Commercial zoning covers 0.6% of zoned land, residential 52.4% and industrial 42.6%. The largest single district is General Residential at 42.5%. For commercial buyers the practical constraint is that only 43.1% of land carries a commercial or industrial designation.
General Residential (R1)
The general residential (GR) district promotes residential development along the same traditional neighborhood patterns that exist in Elma today, While remaining predominately single family in character, the district also accommodates a wide range of other complementary housing opportunities and land uses
Market overview
Demographics & Economy
Elma, WA has 10,509 residents in 4,527 households. Density runs 54 people per square mile. Median household income here is $64,659 and median gross rent $928 a month.
10,509
Population
4,527
Households
2.3
Avg Household Size
42
Median Age
16%
College-Educated
87%
High-School Grad
195.6 sq mi
ZIP Area
54
Density / Sq Mi
$64,659
Median Household Income
$44,457
Median Earnings
$928
Median Rent
$338,000
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Elma?
Commercial property in Elma, WA asks an average of $921 per square foot. The 8 most recent recorded sales traded at a median of $135/SF, so asking sits 581% above the achieved median.
What zoning applies to commercial property in Elma?
Elma, WA zones 1,749 acres across 7 districts, of which 0.6% is commercial and 42.6% industrial. The largest single district is General Residential at 42.5% of zoned land. The general residential (GR) district promotes residential development along the same traditional neighborhood patterns that exist in Elma today, While remaining predominately single family in character, the district also accommodates a wide range of other complementary housing opportunities and land uses Residential zoning covers 52.4% and open space 0%.
Where does Realmo's Elma market data come from?
Realmo compiles Elma, WA figures from 8 recent recorded sales, 20 active sale listings, 285 tracked off-market properties, the current Elma zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 20 active for-sale and 0 active for-lease listings in Elma, 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: 1,749 zoned acres across 7 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, industrial vacancy is reported at West region level and asking prices run materially above recent closed pricing.
- 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 · How Realmo checks market page data · Report a data issue
