Commercial Real Estate Market in Everett, WA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
210 active listings and 2,974 off-market properties in Everett, WA. Commercial property asks $226/SF to buy and $19.21/SF/Yr to lease.
Market Trends
Everett, WA spans 53.2 square miles in Snohomish County, Washington. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Everett, WA runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Everett, WA runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Everett, 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 Everett, 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 28.5%
- Industrial 26.4%
- Commercial 13.1%
- Mixed use 11.7%
- Open space 5.4%
Largest Zones share of zoned land by district
Neighborhood Residential
Heavy Industry
Watershed Resource Management
Urban Residential Low Rise
Light Industry
Everett, WA zones 22,081 acres across 14 districts. Commercial zoning covers 13.1% of zoned land, residential 28.5%, open space 5.4% and industrial 26.4%. The largest single district is Neighborhood Residential at 24.8%. For commercial buyers the practical constraint is that only 39.5% of land carries a commercial or industrial designation.
Neighborhood Residential (NR)
The purpose of the Neighborhood Residential is to provide for a variety of housing opportunities while limiting the scale of buildings to three floors or less to be complimentary to existing neighborhood scale and bulk
Market overview
Demographics & Economy
Everett, WA has 173,482 residents in 71,531 households. Density runs 3,258 people per square mile. Median household income here is $87,935 and median gross rent $1,732 a month.
173,482
Population
71,531
Households
2.4
Avg Household Size
37
Median Age
30%
College-Educated
90%
High-School Grad
53.2 sq mi
ZIP Area
3,258
Density / Sq Mi
$87,935
Median Household Income
$50,635
Median Earnings
$1,732
Median Rent
$531,875
Median Home Value
Tools
Lease vs Buy Breakeven
At $19.21/SF/Yr lease vs $226/SF buy → buying wins if held > 2 years.
At a 8.5% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Lake Stevens | — | — |
| Marysville | — | — |
| Snohomish | — | — |
| Lakewood | — | — |
Commercial property in Everett, WA asks $226/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Everett?
Commercial property in Everett, WA asks an average of $226 per square foot. The 7 most recent recorded sales traded at a median of $248/SF.
How much does it cost to lease commercial space in Everett?
Asking lease rates in Everett, WA average $19.21 per square foot per year.
Is it cheaper to lease or buy commercial space in Everett?
Buying beats leasing in Everett, WA if the property is held longer than 2.0 years, comparing $19.21/SF/Yr asking rent with $226/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
What zoning applies to commercial property in Everett?
Everett, WA zones 22,081 acres across 14 districts, of which 13.1% is commercial and 26.4% industrial. The largest single district is Neighborhood Residential at 24.8% of zoned land. The purpose of the Neighborhood Residential is to provide for a variety of housing opportunities while limiting the scale of buildings to three floors or less to be complimentary to existing neighborhood scale and bulk Residential zoning covers 28.5% and open space 5.4%.
Where does Realmo's Everett market data come from?
Realmo compiles Everett, WA figures from 7 recent recorded sales, 121 active sale listings, 89 active lease listings, 2,974 tracked off-market properties, the current Everett zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 121 active for-sale and 89 active for-lease listings in Everett, 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: 22,081 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 · How Realmo checks market page data · Report a data issue
