Commercial Real Estate Market in Lake Stevens, WA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
52 active listings and 190 off-market properties in Lake Stevens, WA. Commercial property asks $154/SF to buy and $29.00/SF/Yr to lease.
Market Trends
Lake Stevens, WA spans 37.1 square miles in Snohomish County, Washington. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Lake Stevens, WA runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Lake Stevens, WA runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Lake Stevens, 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 Lake Stevens, WA runs 8.6% across the West region in 2025, up from 7% in 2022.
Vacancy Rate % in West region
Market overview
Demographics & Economy
Lake Stevens, WA has 51,995 residents in 18,397 households. Density runs 1,403 people per square mile. Median household income here is $120,571 and median gross rent $2,187 a month.
51,995
Population
18,397
Households
2.8
Avg Household Size
36
Median Age
32%
College-Educated
94%
High-School Grad
37.1 sq mi
ZIP Area
1,403
Density / Sq Mi
$120,571
Median Household Income
$63,208
Median Earnings
$2,187
Median Rent
$606,600
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Everett | — | $19.21 |
| Marysville | — | — |
| Snohomish | — | — |
| Lakewood | — | — |
Commercial property in Lake Stevens, WA asks $154/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lake Stevens?
Commercial property in Lake Stevens, WA asks an average of $154 per square foot.
How much does it cost to lease commercial space in Lake Stevens?
Asking lease rates in Lake Stevens, WA average $29.00 per square foot per year.
Where does Realmo's Lake Stevens market data come from?
Realmo compiles Lake Stevens, WA figures from 44 active sale listings, 8 active lease listings, 190 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 44 active for-sale and 8 active for-lease listings in Lake Stevens, 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
