Commercial Real Estate Market in Kent, WA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
224 active listings and 1,777 off-market properties in Kent, WA. Commercial property asks $117/SF to buy and $15.08/SF/Yr to lease.
Market Trends
Kent, WA spans 59.7 square miles in King County, Washington. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Kent, WA runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Kent, WA runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Kent, 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 Kent, 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 66.8%
- Industrial 25.3%
- Commercial 3.4%
- Mixed use 3.1%
- Civic 1.2%
- Agricultural 0.3%
Largest Zones share of zoned land by district
Neighborhood Residential 2
Mixed Industrial
Neighborhood Residential Low Density
Industrial Business
Neighborhood Residential 4 A
Kent, WA zones 21,118 acres across 24 districts. Commercial zoning covers 3.4% of zoned land, residential 66.8% and industrial 25.3%. The largest single district is Neighborhood Residential 2 at 48.5%. For commercial buyers the practical constraint is that only 28.7% of land carries a commercial or industrial designation.
Neighborhood Residential 2 (NR-2)
The purpose of the NR-2 district is to provide for moderate-density residential development of attached and detached units including single-family, accessory dwelling units, and middle housing
Market overview
Demographics & Economy
Kent, WA has 169,763 residents in 60,865 households. Density runs 2,845 people per square mile. Median household income here is $100,581 and median gross rent $1,927 a month.
169,763
Population
60,865
Households
2.8
Avg Household Size
36
Median Age
30%
College-Educated
88%
High-School Grad
59.7 sq mi
ZIP Area
2,845
Density / Sq Mi
$100,581
Median Household Income
$51,204
Median Earnings
$1,927
Median Rent
$548,935
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Seattle | — | $29.59 |
| Renton | — | $17.92 |
| Covington | — | — |
| Seatac | — | — |
Commercial property in Kent, WA asks $117/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Kent?
Commercial property in Kent, WA asks an average of $117 per square foot. The 8 most recent recorded sales traded at a median of $372/SF.
How much does it cost to lease commercial space in Kent?
Asking lease rates in Kent, WA average $15.08 per square foot per year.
What zoning applies to commercial property in Kent?
Kent, WA zones 21,118 acres across 24 districts, of which 3.4% is commercial and 25.3% industrial. The largest single district is Neighborhood Residential 2 at 48.5% of zoned land. The purpose of the NR-2 district is to provide for moderate-density residential development of attached and detached units including single-family, accessory dwelling units, and middle housing Residential zoning covers 66.8% and open space 0%.
Where does Realmo's Kent market data come from?
Realmo compiles Kent, WA figures from 8 recent recorded sales, 97 active sale listings, 127 active lease listings, 1,777 tracked off-market properties, the current Kent zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 97 active for-sale and 127 active for-lease listings in Kent, 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: 21,118 zoned acres across 24 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
