Commercial Real Estate Market in Poulsbo, WA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
47 active listings and 416 off-market properties in Poulsbo, WA. Commercial property asks $883/SF to buy and $26.00/SF/Yr to lease.
Market Trends
Poulsbo, WA spans 56.3 square miles in Kitsap County, Washington. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Poulsbo, WA runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Poulsbo, WA runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Poulsbo, 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 Poulsbo, 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 76.5%
- Commercial 14%
- Open space 4.3%
- Industrial 4.1%
- Planned_development 1.2%
Largest Zones share of zoned land by district
Residential Low
Residential High
State Route 305 Corridor
Residential Medium
Park
Poulsbo, WA zones 2,933 acres across 11 districts. Commercial zoning covers 14% of zoned land, residential 76.5%, open space 4.3% and industrial 4.1%. The largest single district is Residential Low at 64.1%. For commercial buyers the practical constraint is that only 18.1% of land carries a commercial or industrial designation.
Residential Low (RL)
The residential low (RL) district provides for residential areas of low urban densities of four to five dwelling units per acre, and permits compatible, related activities. In addition, this district is intended to: 1. Recognize, maintain, and protect established low urban density residential areas. 2. Create residential areas that promote neighborhood livab…
Market overview
Demographics & Economy
Poulsbo, WA has 32,857 residents in 13,849 households. Density runs 583 people per square mile. Median household income here is $109,416 and median gross rent $1,757 a month.
32,857
Population
13,849
Households
2.4
Avg Household Size
45
Median Age
45%
College-Educated
95%
High-School Grad
56.3 sq mi
ZIP Area
583
Density / Sq Mi
$109,416
Median Household Income
$56,754
Median Earnings
$1,757
Median Rent
$587,000
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Poulsbo?
Commercial property in Poulsbo, WA asks an average of $883 per square foot. The 6 most recent recorded sales traded at a median of $241/SF, so asking sits 266% above the achieved median.
How much does it cost to lease commercial space in Poulsbo?
Asking lease rates in Poulsbo, WA average $26.00 per square foot per year.
What zoning applies to commercial property in Poulsbo?
Poulsbo, WA zones 2,933 acres across 11 districts, of which 14% is commercial and 4.1% industrial. The largest single district is Residential Low at 64.1% of zoned land. The residential low (RL) district provides for residential areas of low urban densities of four to five dwelling units per acre, and permits compatible, related activities. In addition, this district is intended to: 1. Recognize, maintain, and protect established low urban density residential areas. 2. Create residential areas that promote neighborhood livab… Residential zoning covers 76.5% and open space 4.3%.
Where does Realmo's Poulsbo market data come from?
Realmo compiles Poulsbo, WA figures from 6 recent recorded sales, 33 active sale listings, 14 active lease listings, 416 tracked off-market properties, the current Poulsbo zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 33 active for-sale and 14 active for-lease listings in Poulsbo, 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: 2,933 zoned acres across 11 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, industrial vacancy is reported at West region level and asking prices run materially above recent closed pricing.
- 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
