Commercial Real Estate Market in Vancouver, WA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
311 active listings and 4,351 off-market properties in Vancouver, WA. Commercial property asks $267/SF to buy and $26.15/SF/Yr to lease.
Market Trends
Vancouver, WA spans 120.5 square miles in Clark County, Washington. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Vancouver, WA runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Vancouver, WA runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Vancouver, 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 Vancouver, WA asks $283/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 52.6%
- Industrial 18.7%
- Mixed use 10.3%
- Open space 6%
- Commercial 4.1%
- Civic 1%
Largest Zones share of zoned land by district
Low Density Residential
Low Density Residential
Light Industrial
Heavy Industrial
Low Density Residential
Vancouver, WA zones 25,281 acres across 26 districts. Commercial zoning covers 4.1% of zoned land, residential 52.6%, open space 6% and industrial 18.7%. The largest single district is Low Density Residential at 19.5%. For commercial buyers the practical constraint is that only 22.7% of land carries a commercial or industrial designation.
Low Density Residential (R-9)
District is designed to accommodate detached single dwellings with or without accessory residential units at a minimum lot size of 5000 sq ft and a density of 5.9 to 8.7 units per net acre
Market overview
Demographics & Economy
Vancouver, WA has 351,176 residents in 145,495 households. Density runs 2,913 people per square mile. Median household income here is $90,030 and median gross rent $1,683 a month.
351,176
Population
145,495
Households
2.4
Avg Household Size
38
Median Age
31%
College-Educated
92%
High-School Grad
120.5 sq mi
ZIP Area
2,913
Density / Sq Mi
$90,030
Median Household Income
$49,322
Median Earnings
$1,683
Median Rent
$461,000
Median Home Value
Tools
Lease vs Buy Breakeven
At $26.15/SF/Yr lease vs $267/SF buy → buying wins if held > 1.4 years.
At a 9.8% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Scappoose | — | — |
| Ridgefield | — | — |
Commercial property in Vancouver, WA asks $267/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Vancouver?
Commercial property in Vancouver, WA asks an average of $267 per square foot. The 6 most recent recorded sales traded at a median of $396/SF. Multifamily carries the highest asking price at $283/SF.
How much does it cost to lease commercial space in Vancouver?
Asking lease rates in Vancouver, WA average $26.15 per square foot per year.
Is it cheaper to lease or buy commercial space in Vancouver?
Buying beats leasing in Vancouver, WA if the property is held longer than 1.4 years, comparing $26.15/SF/Yr asking rent with $267/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
What zoning applies to commercial property in Vancouver?
Vancouver, WA zones 25,281 acres across 26 districts, of which 4.1% is commercial and 18.7% industrial. The largest single district is Low Density Residential at 19.5% of zoned land. District is designed to accommodate detached single dwellings with or without accessory residential units at a minimum lot size of 5000 sq ft and a density of 5.9 to 8.7 units per net acre Residential zoning covers 52.6% and open space 6%.
Where does Realmo's Vancouver market data come from?
Realmo compiles Vancouver, WA figures from 7 recent recorded sales, 243 active sale listings, 68 active lease listings, 4,351 tracked off-market properties, the current Vancouver zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 243 active for-sale and 68 active for-lease listings in Vancouver, 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: 25,281 zoned acres across 26 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
