Commercial Real Estate Market in Palouse, WA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
3 active listings and 91 off-market properties in Palouse, WA.
Market Trends
Palouse, WA spans 76.7 square miles in Whitman County, Washington. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Palouse, WA runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Palouse, WA runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Palouse, 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 Palouse, WA asks $185/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 80%
- Agricultural 9.7%
- Commercial 4.7%
- Industrial 3.8%
- Open space 1.9%
Largest Zones share of zoned land by district
Low Density Residential
Agricultural
Commercial
Light Industrial
Open Space Park Cemetery
Palouse, WA zones 1,099 acres across 6 districts. Commercial zoning covers 4.7% of zoned land, residential 80%, open space 1.9% and industrial 3.8%. The largest single district is Low Density Residential at 78.5%. For commercial buyers the practical constraint is that only 8.5% of land carries a commercial or industrial designation.
Low Density Residential (R1)
Single-unit residential district (R1). A. Purpose of Single-Unit Residential District. Intended to establish areas for low-density residential developments consisting of detached single-unit dwellings with a maximum density of six dwelling units per acre. The purpose and intent of this district is to provide areas free from noise, hazards, dust and traffic n…
Market overview
Demographics & Economy
Palouse, WA has 1,450 residents in 651 households. Density runs 19 people per square mile. Median household income here is $90,750 and median gross rent $933 a month.
1,450
Population
651
Households
2.2
Avg Household Size
47
Median Age
48%
College-Educated
99%
High-School Grad
76.7 sq mi
ZIP Area
19
Density / Sq Mi
$90,750
Median Household Income
$58,696
Median Earnings
$933
Median Rent
$285,800
Median Home Value
Tools
Nearby Markets
Commercial property in Palouse, WA asks $118/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Palouse?
Commercial property in Palouse, WA asks an average of $118 per square foot. Multifamily carries the highest asking price at $185/SF.
What zoning applies to commercial property in Palouse?
Palouse, WA zones 1,099 acres across 6 districts, of which 4.7% is commercial and 3.8% industrial. The largest single district is Low Density Residential at 78.5% of zoned land. Single-unit residential district (R1). A. Purpose of Single-Unit Residential District. Intended to establish areas for low-density residential developments consisting of detached single-unit dwellings with a maximum density of six dwelling units per acre. The purpose and intent of this district is to provide areas free from noise, hazards, dust and traffic n… Residential zoning covers 80% and open space 1.9%.
Where does Realmo's Palouse market data come from?
Realmo compiles Palouse, WA figures from 3 active sale listings, 91 tracked off-market properties, the current Palouse zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 3 active for-sale and 0 active for-lease listings in Palouse, 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: 1,099 zoned acres across 6 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
