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Commercial Real Estate Market in University Place, WA

Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31

23 active listings and 449 off-market properties in University Place, WA.

Recently Sold

$17.71M across 19,832 SF sold in University Place, WA over the most recent period. Deal sizes ranged from $225,000 to $10,459,200, with a median of $2,048,950 across 6 sales.
Other Apartment Buildings
Other Apartment Buildings
6407 53rd Ave W, University Place, WA 98467-3346
$10,459,200
7,510 SF
View details
Other Office
Other Office
7511 37th W, University Place, WA 98466-3224
$655,000
936 SF
View details
Drive Through Restaurants
Drive Through Restaurants
3922 Bridgeport W, University Place, WA 98466-4418
$2,270,000
2,458 SF
View details
Other Apartment Buildings
Other Apartment Buildings
6807 Lakewood W Dr, Unit 6809, University Place, WA 98467-3201
$1,900,000
0.99 Acres
View details
Other Office
Other Office
7024 27th W, University Place, WA 98466-5216
$225,000
1,240 SF
View details
Other Apartment Buildings
Other Apartment Buildings
3109 Bridgeport W, University Place, WA 98466-4501
$2,197,900
7,688 SF
View details

Off-Market Opportunities

Realmo tracks 449 off-market commercial properties in University Place, WA. Estimated values are modelled, not asking prices.
Other Apartment Buildings
Other Apartment Buildings
6407 53rd Ave W, University Place, WA 98467-3346
Estimated value:
$10,459,200
7,510 SF
View details
Other Office
Other Office
7511 37th W, University Place, WA 98466-3224
Estimated value:
$655,000
936 SF
View details
Drive Through Restaurants
Drive Through Restaurants
3922 Bridgeport W, University Place, WA 98466-4418
Estimated value:
$2,270,000
2,458 SF
View details
Other Apartment Buildings
Other Apartment Buildings
6807 Lakewood W Dr, Unit 6809, University Place, WA 98467-3201
Estimated value:
$1,900,000
0.99 Acres
View details
Other Office
Other Office
7024 27th W, University Place, WA 98466-5216
Estimated value:
$225,000
1,240 SF
View details
Commercial Land
Commercial Land
2809 Rochester W, University Place, WA 98466-5218
Estimated value:
$215,000
0.23 Acres
View details
Other Apartment Buildings
Other Apartment Buildings
3109 Bridgeport W, University Place, WA 98466-4501
Estimated value:
$2,197,900
7,688 SF
View details
Other Apartment Buildings
Other Apartment Buildings
7308 54th W, University Place, WA 98467-2047
Estimated value:
$470,000
3,536 SF
View details

Market overview

Demographics & Economy

University Place, WA has 46,281 residents in 19,491 households. Density runs 4,209 people per square mile. Median household income here is $93,167 and median gross rent $1,668 a month.

46,281
Population
19,491
Households
2.4
Avg Household Size
39
Median Age
43%
College-Educated
96%
High-School Grad
11 sq mi
ZIP Area
4,209
Density / Sq Mi
$93,167
Median Household Income
$52,032
Median Earnings
$1,668
Median Rent
$570,001
Median Home Value

Tools

Business Placement

Nearby Markets

Market Median Asking Price, $/SF Median Asking Rent, $/SF/Yr
Fircrest $293 —
Puyallup $303 $29.00

Commercial property in University Place, WA asks $264/SF. The 2 bordering markets run from $293/SF in Fircrest to $303/SF in Puyallup, and the city sits below their $298/SF median.

Featured Listings

Newest listings
Coffee Shops
Coffee Shops
2912 27Th Street Ct W, University Place, WA 98466
$1,295,000
7,263 SF
View details
Restaurants
Restaurants
2122 Mildred St W, University Place, WA 98466
$1,700,000
5,634 SF
View details
Office
Office
4109 Bridgeport Way W, University Place, WA 98466
$1,890,000
View details
Medical Offices
Medical Offices
4114 Bridgeport Way W, University Place, WA 98466
$2,300,000
View details
Office
Office
6923 Lakewood Dr W, Unit B-2, University Place, WA 98467
$550,000
View details
Office Buildings
Office Buildings
2719 Rochester St W, University Place, WA 98466
$518,000
View details

Frequently Asked Questions

What is the median price per square foot for commercial property in University Place?
Commercial property in University Place, WA asks a median of $264 per square foot (based on 9 listings). The 5 most recent recorded sales traded at a median of $700/SF.
How does University Place compare to nearby markets on price?
University Place, WA asks $264/SF, against $293/SF in Fircrest and $303/SF in Puyallup.
Where does Realmo's University Place market data come from?
Realmo compiles University Place, WA figures from 6 recent recorded sales, 16 active sale listings, 7 active lease listings, 449 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 October 2026.
Methodology & data sources
Asking prices and medians
There are 16 active for-sale and 7 active for-lease listings in University Place, WA. The sale median is based on 9 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
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 31 October 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 31 October 2026 · How Realmo checks market page data · Report a data issue

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