Commercial Real Estate Market in Lynnwood, WA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
114 active listings and 1,190 off-market properties in Lynnwood, WA. Commercial property asks $277/SF to buy and $24.88/SF/Yr to lease.
Market Trends
Lynnwood, WA spans 21.1 square miles in Snohomish County, Washington. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Lynnwood, WA runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Lynnwood, WA runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Lynnwood, 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 Lynnwood, 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 52.6%
- Commercial 18.2%
- Mixed use 16.2%
- Civic 9.8%
- Industrial 3%
Largest Zones share of zoned land by district
Residential Neighborhood
Public And Institutional
Residential Multi Family 45 Feet
General Commercial
Alderwood
Lynnwood, WA zones 4,155 acres across 15 districts. Commercial zoning covers 18.2% of zoned land, residential 52.6% and industrial 3%. The largest single district is Residential Neighborhood at 47%. For commercial buyers the practical constraint is that only 21.2% of land carries a commercial or industrial designation.
Public And Institutional (P-I)
District must comply with the district standards for the RN zone
Market overview
Demographics & Economy
Lynnwood, WA has 112,543 residents in 45,885 households. Density runs 5,329 people per square mile. Median household income here is $99,595 and median gross rent $1,850 a month.
112,543
Population
45,885
Households
2.5
Avg Household Size
37
Median Age
39%
College-Educated
91%
High-School Grad
21.1 sq mi
ZIP Area
5,329
Density / Sq Mi
$99,595
Median Household Income
$55,971
Median Earnings
$1,850
Median Rent
$669,010
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Mountlake Terrace | — | — |
| Edmonds | — | — |
| Kenmore | — | — |
Commercial property in Lynnwood, WA asks $277/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Lynnwood?
Commercial property in Lynnwood, WA asks an average of $277 per square foot. The 3 most recent recorded sales traded at a median of $529/SF.
How much does it cost to lease commercial space in Lynnwood?
Asking lease rates in Lynnwood, WA average $24.88 per square foot per year.
What zoning applies to commercial property in Lynnwood?
Lynnwood, WA zones 4,155 acres across 15 districts, of which 18.2% is commercial and 3% industrial. The largest single district is Residential Neighborhood at 47% of zoned land. Residential zoning covers 52.6% and open space 0%.
Where does Realmo's Lynnwood market data come from?
Realmo compiles Lynnwood, WA figures from 4 recent recorded sales, 55 active sale listings, 59 active lease listings, 1,190 tracked off-market properties, the current Lynnwood zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 55 active for-sale and 59 active for-lease listings in Lynnwood, 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: 4,155 zoned acres across 15 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
