For Sale
Bellingham, WA
Commercial Real Estate Market Trends & Data
$341
Avg asking sale price
$4,002
Avg asking lease rate
11,803 SF
Avg unit lease size
13,148 SF
Avg building size for sale
6.21%
Average cap rate
Bellingham's Demographic Profile
Bellingham has 39,502 households and a median income of $61,051, providing context for rent absorption and tenant demand across retail and multifamily assets. A +4% five-year population trend is a key signal for evaluating long-term demand in this market.
| Key Demographic Metric | Value |
|---|---|
| Population | 92,218 |
| # Households | 39,502 |
| Median age | 35 |
| Median household income | $61,051 |
| Avg household size | 2.0 |
| Renter-occupied housing units | 22,066 |
| 5-year population change | +4% |
{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Bellingham, WA
↻ Updated Monthly{{marketTabDescriptions[activeMarketTab]}}
| Nearby Office Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Bellingham | $336 | 13,517 SF | 8.15% |
| Everson | $257 | 20,400 SF | 6.68% |
| Nearby Industrial Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Bellingham | $220 | 9,722 SF | 7.32% |
| Ferndale | $305 | 11,438 SF | 7.17% |
| Custer | $222 | 22,561 SF | 7.17% |
| Nearby Retail Markets | Avg Cost/SF | Typical Size |
|---|---|---|
| Bellingham | $454 | 11,032 SF |
| Ferndale | $189 | 17,278 SF |
| Everson | $257 | 656 SF |
| Lynden | $457 | 5,460 SF |
| Burlington | $280 | 5,159 SF |
| Nearby Multifamily Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Bellingham | $655 | 15,479 SF | 6.02% |
| Ferndale | $416 | 39,299 SF | 5.68% |
| Abbotsford | $2,018 | 3,000 SF | 4.00% |
Commercial Properties For Sale in Bellingham
The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale
Average Price For Sale
↻ Updated MonthlyAverage Price For Lease
↻ Updated MonthlyNumber of Listings
↻ Updated MonthlyCap Rate
↻ Updated MonthlyHow Investors Evaluate Commercial Real Estate Markets
Nearby Commercial Markets
Comparing nearby markets helps investors see whether Bellingham pricing and building scale sit above, below, or in line with surrounding areas.
| Commercial Markets | Avg Cost/SF | Average Size |
|---|---|---|
| Bellingham | $341 | 13,148 SF |
| Lummi Island | $522 | 4,560 SF |
| Ferndale | $230 | 20,768 SF |
| Everson | $226 | 13,159 SF |
| Lynden | $332 | 57,598 SF |
Regional Demographic Comparison
This comparison places Bellingham alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Bellingham or distributed across surrounding areas.
| City | Population | # Households | Age | Median Household Income | Avg Household Size | Renter Occupied Housing Units | Five Yr Pop Growth % |
|---|---|---|---|---|---|---|---|
| Bellingham | 92,218 | 39,502 | 35 | $61,051 | 2 | 22,066 | 4% |
| Ferndale | 15,564 | 5,519 | 38 | $86,308 | 3 | 1,743 | 4% |
| Everson | 2,916 | 948 | 35 | $73,514 | 3 | 291 | 2% |
| Lynden | 16,339 | 6,042 | 38 | $80,000 | 3 | 2,128 | 4% |
Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Bellingham, WA and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.
FAQs About Commercial Investing in Bellingham
View All Commercial Real Estate For Sale in Bellingham
Is Bellingham a good market for a first-time commercial real estate investor?
Bellingham offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.
How can this market data help me decide whether to buy commercial property for my business in Bellingham?
The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Bellingham. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.
What should conservative investors focus on when evaluating commercial properties in Bellingham?
Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Bellingham. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.
How does Bellingham compare to nearby commercial real estate markets?
Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Bellingham. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.
How can this page support early-stage deal screening for Bellingham acquisitions?
This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Bellingham, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.
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