Commercial Real Estate Market in Mountlake Terrace, WA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
24 active listings and 195 off-market properties in Mountlake Terrace, WA. Commercial property asks $138/SF to buy and $25.00/SF/Yr to lease.
Market Trends
Mountlake Terrace, WA spans 4.1 square miles in Snohomish County, Washington. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Mountlake Terrace, WA runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Mountlake Terrace, WA runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Mountlake Terrace, 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 Mountlake Terrace, WA runs 8.6% across the West region in 2025, up from 7% in 2022.
Vacancy Rate % in West region
Market overview
Demographics & Economy
Mountlake Terrace, WA has 21,285 residents in 9,493 households. Density runs 5,255 people per square mile. Median household income here is $101,408 and median gross rent $1,966 a month.
21,285
Population
9,493
Households
2.2
Avg Household Size
39
Median Age
42%
College-Educated
94%
High-School Grad
4.1 sq mi
ZIP Area
5,255
Density / Sq Mi
$101,408
Median Household Income
$59,982
Median Earnings
$1,966
Median Rent
$605,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Lynnwood | — | $24.88 |
| Edmonds | — | — |
| Kenmore | — | — |
| Shoreline | — | $14.33 |
Commercial property in Mountlake Terrace, WA asks $138/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Mountlake Terrace?
Commercial property in Mountlake Terrace, WA asks an average of $138 per square foot. The 5 most recent recorded sales traded at a median of $314/SF.
How much does it cost to lease commercial space in Mountlake Terrace?
Asking lease rates in Mountlake Terrace, WA average $25.00 per square foot per year.
Where does Realmo's Mountlake Terrace market data come from?
Realmo compiles Mountlake Terrace, WA figures from 6 recent recorded sales, 6 active sale listings, 18 active lease listings, 195 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 6 active for-sale and 18 active for-lease listings in Mountlake Terrace, 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 · report a data issue
