Commercial Real Estate Market in Gig Harbor, WA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
108 active listings and 954 off-market properties in Gig Harbor, WA. Commercial property asks $74/SF to buy and $32.00/SF/Yr to lease.
Market Trends
Gig Harbor, WA spans 68.8 square miles in Pierce County, Washington. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Gig Harbor, WA runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Gig Harbor, WA runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Gig Harbor, 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 Gig Harbor, WA runs 8.6% across the West region in 2025, up from 7% in 2022.
Vacancy Rate % in West region
Market overview
Demographics & Economy
Gig Harbor, WA has 58,971 residents in 23,899 households. Density runs 857 people per square mile. Median household income here is $123,473 and median gross rent $2,055 a month.
58,971
Population
23,899
Households
2.5
Avg Household Size
46
Median Age
48%
College-Educated
97%
High-School Grad
68.8 sq mi
ZIP Area
857
Density / Sq Mi
$123,473
Median Household Income
$63,111
Median Earnings
$2,055
Median Rent
$670,699
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Gig Harbor?
Commercial property in Gig Harbor, WA asks an average of $74 per square foot. The 5 most recent recorded sales traded at a median of $857/SF.
How much does it cost to lease commercial space in Gig Harbor?
Asking lease rates in Gig Harbor, WA average $32.00 per square foot per year.
Where does Realmo's Gig Harbor market data come from?
Realmo compiles Gig Harbor, WA figures from 5 recent recorded sales, 74 active sale listings, 34 active lease listings, 954 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 74 active for-sale and 34 active for-lease listings in Gig Harbor, 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 · How Realmo checks market page data · Report a data issue
