Commercial Real Estate Market in Kennewick, WA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
550 active listings and 4,561 off-market properties in Kennewick, WA. Commercial property asks $627/SF to buy and $15.11/SF/Yr to lease.
Market Trends
Kennewick, WA spans 214.8 square miles in Benton County, Washington. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Kennewick, WA asks $0/SF to buy. Vacancy runs 20.8% across the West region in 2025, up from 11% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Retail
Retail vacancy in Kennewick, WA runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Kennewick, 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 space in Kennewick, WA asks $143/SF to buy. Vacancy runs 8.6% across the West region in 2025, up from 7% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 63.3%
- Commercial 15.2%
- Civic 10.5%
- Industrial 6.1%
- Mixed use 1.7%
- Agricultural 0%
- Open space 0%
Largest Zones share of zoned land by district
Residential Low Density
Residential Suburban
Open Space
Commercial Community
Residential Medium Density
Kennewick, WA zones 14,967 acres across 41 districts. Commercial zoning covers 15.2% of zoned land, residential 63.3%, open space 0% and industrial 6.1%. The largest single district is Residential Low Density at 34.8%. For commercial buyers the practical constraint is that only 21.3% of land carries a commercial or industrial designation.
Residential Suburban (RS)
The intent of RS district is to establish areas for low density single-family and middle housing dwelling units, to stabilize and protect residential districts, and to promote and encourage a suitable
Market overview
Demographics & Economy
Kennewick, WA has 103,702 residents in 39,549 households. Density runs 483 people per square mile. Median household income here is $81,707 and median gross rent $1,276 a month.
103,702
Population
39,549
Households
2.6
Avg Household Size
35
Median Age
28%
College-Educated
87%
High-School Grad
214.8 sq mi
ZIP Area
483
Density / Sq Mi
$81,707
Median Household Income
$45,109
Median Earnings
$1,276
Median Rent
$356,288
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Pasco | — | $22.17 |
| West Richland | — | $20.05 |
Commercial property in Kennewick, WA asks $627/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Kennewick?
Commercial property in Kennewick, WA asks an average of $627 per square foot. The 5 most recent recorded sales traded at a median of $252/SF, so asking sits 149% above the achieved median. Multifamily carries the highest asking price at $143/SF.
How much does it cost to lease commercial space in Kennewick?
Asking lease rates in Kennewick, WA average $15.11 per square foot per year.
What zoning applies to commercial property in Kennewick?
Kennewick, WA zones 14,967 acres across 41 districts, of which 15.2% is commercial and 6.1% industrial. The largest single district is Residential Low Density at 34.8% of zoned land. Residential zoning covers 63.3% and open space 0%.
Where does Realmo's Kennewick market data come from?
Realmo compiles Kennewick, WA figures from 5 recent recorded sales, 464 active sale listings, 86 active lease listings, 4,561 tracked off-market properties, the current Kennewick zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 464 active for-sale and 86 active for-lease listings in Kennewick, 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: 14,967 zoned acres across 41 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 · report a data issue
