Commercial Real Estate Market in Shoreline, WA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
49 active listings and 354 off-market properties in Shoreline, WA. Commercial property asks $332/SF to buy and $14.33/SF/Yr to lease.
Market Trends
Shoreline, WA spans 20.3 square miles in King County, Washington. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Shoreline, WA runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Shoreline, WA runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Shoreline, 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 Shoreline, 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
- Commercial 82.9%
- Mixed use 15%
- Civic 1.6%
- Residential 0.2%
Largest Zones share of zoned land by district
Neighborhood Residential 3
Neighborhood Residential 2
Neighborhood Residential 1
Campus
Mixed Business
Shoreline, WA zones 6,100 acres across 16 districts. Commercial zoning covers 82.9% of zoned land, residential 0.2%. The largest single district is Neighborhood Residential 3 at 48.7%. For commercial buyers the practical constraint is that only 82.9% of land carries a commercial or industrial designation.
Neighborhood Residential 3 (NR3)
The purpose of the neighborhood residential 3 NR3 zone is to provide for a mix of housing types in buildings that are similar in scale to a detached house, many of which are detached, and together form an open feel. Limited neighborhood scale commercial uses may be permitted where appropriate to serve nearby residents
Market overview
Demographics & Economy
Shoreline, WA has 106,828 residents in 47,434 households. Density runs 5,260 people per square mile. Median household income here is $118,931 and median gross rent $1,931 a month.
106,828
Population
47,434
Households
2.3
Avg Household Size
41
Median Age
56%
College-Educated
95%
High-School Grad
20.3 sq mi
ZIP Area
5,260
Density / Sq Mi
$118,931
Median Household Income
$67,365
Median Earnings
$1,931
Median Rent
$784,388
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Mountlake Terrace | — | — |
| Edmonds | — | — |
| Kenmore | — | — |
| Lynnwood | — | $24.88 |
Commercial property in Shoreline, WA asks $332/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Shoreline?
Commercial property in Shoreline, WA asks an average of $332 per square foot. The 5 most recent recorded sales traded at a median of $337/SF.
How much does it cost to lease commercial space in Shoreline?
Asking lease rates in Shoreline, WA average $14.33 per square foot per year.
What zoning applies to commercial property in Shoreline?
Shoreline, WA zones 6,100 acres across 16 districts, of which 82.9% is commercial and 0% industrial. The largest single district is Neighborhood Residential 3 at 48.7% of zoned land. The purpose of the neighborhood residential 3 NR3 zone is to provide for a mix of housing types in buildings that are similar in scale to a detached house, many of which are detached, and together form an open feel. Limited neighborhood scale commercial uses may be permitted where appropriate to serve nearby residents Residential zoning covers 0.2% and open space 0%.
Where does Realmo's Shoreline market data come from?
Realmo compiles Shoreline, WA figures from 7 recent recorded sales, 30 active sale listings, 19 active lease listings, 354 tracked off-market properties, the current Shoreline zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 30 active for-sale and 19 active for-lease listings in Shoreline, 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: 6,100 zoned acres across 16 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
