Commercial Real Estate Market in Ferndale, WA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
54 active listings and 983 off-market properties in Ferndale, WA.
Market Trends
Ferndale, WA spans 71.8 square miles in Whatcom County, Washington. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Ferndale, WA runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Ferndale, WA runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Ferndale, 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 Ferndale, 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 48.6%
- Industrial 23.3%
- Mixed use 13.1%
- Civic 8.7%
- Commercial 6.3%
Largest Zones share of zoned land by district
Medium Single Family Dwelling
Mixed Use Commercial District
General Business
Public And Institutional
Manufacturing
Ferndale, WA zones 4,396 acres across 14 districts. Commercial zoning covers 6.3% of zoned land, residential 48.6% and industrial 23.3%. The largest single district is Medium Single Family Dwelling at 27.3%. For commercial buyers the practical constraint is that only 29.6% of land carries a commercial or industrial designation.
Medium Single Family Dwelling (RS-MEDIUM)
The main objective and intent of this zone is to create and maintain the type of living environment which meets the standards for single-family residential development. A further related consideration is to establish a residential density which makes it possible to more efficiently and economically install and maintain public service facilities
Market overview
Demographics & Economy
Ferndale, WA has 26,784 residents in 10,576 households. Density runs 373 people per square mile. Median household income here is $88,566 and median gross rent $1,455 a month.
26,784
Population
10,576
Households
2.5
Avg Household Size
39
Median Age
31%
College-Educated
93%
High-School Grad
71.8 sq mi
ZIP Area
373
Density / Sq Mi
$88,566
Median Household Income
$50,059
Median Earnings
$1,455
Median Rent
$550,300
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Bellingham | — | $18.33 |
| Lynden | — | — |
Commercial property in Ferndale, WA asks $339/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Ferndale?
Commercial property in Ferndale, WA asks an average of $339 per square foot. The 6 most recent recorded sales traded at a median of $195/SF, so asking sits 74% above the achieved median.
What zoning applies to commercial property in Ferndale?
Ferndale, WA zones 4,396 acres across 14 districts, of which 6.3% is commercial and 23.3% industrial. The largest single district is Medium Single Family Dwelling at 27.3% of zoned land. The main objective and intent of this zone is to create and maintain the type of living environment which meets the standards for single-family residential development. A further related consideration is to establish a residential density which makes it possible to more efficiently and economically install and maintain public service facilities Residential zoning covers 48.6% and open space 0%.
Where does Realmo's Ferndale market data come from?
Realmo compiles Ferndale, WA figures from 6 recent recorded sales, 50 active sale listings, 4 active lease listings, 983 tracked off-market properties, the current Ferndale zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 50 active for-sale and 4 active for-lease listings in Ferndale, 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: 4,396 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
