Bend, OR
Commercial Real Estate Market Trends & Data

$378 Avg asking sale price
$976 Avg asking lease rate
7,216 SF Avg unit lease size
13,214 SF Avg building size for sale
5.94% Average cap rate

Bend's Demographic Profile

Bend has 43,664 households and a median income of $85,613, providing context for rent absorption and tenant demand across retail and multifamily assets. A +10% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 106,257
# Households 43,664
Median age 42
Median household income $85,613
Avg household size 2.0
Renter-occupied housing units 17,039
5-year population change +10%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Bend, OR

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Bend $404 9,631 SF 6.26%
Redmond $318 6,879 SF 6.57%
Madras $265 3,992 SF 6.00%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Bend $295 13,345 SF 6.56%
Redmond $246 14,093 SF 6.57%
Nearby Retail Markets Avg Cost/SF Typical Size
Bend $594 15,950 SF
Sisters $280 18,028 SF
Redmond $358 9,728 SF
Madras $383 7,961 SF
Oakridge $333 3,783 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Bend $376 10,204 SF 6.04%
Redmond $233 11,046 SF 7.00%
Prineville $1,125 2,400 SF 5.47%
Springfield $311 7,796 SF 5.67%
Lebanon $200 30,174 SF 5.84%

Commercial Properties For Sale in Bend

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

The Rapids on Portland

Bend, OR 97703

  • 14,650 SF Multifamily
  • $7,500,000
For Sale

Fully Leased Industrial Investment Property

Bend, OR 97701

  • 17,640 SF Industrial Building
  • 6.56% Cap Rate
  • $2,550,000
For Sale

2500 NE Twin Knolls Dr

Bend, OR 97701

  • 25,200 SF Office Building
  • 6.26% Cap Rate
  • $6,425,000
For Sale

363 SW Garfield

Bend, OR 97702

  • 2,472 SF Multifamily
  • $795,000
For Sale

210 SW Log Ct

Bend, OR 97702

  • 4,610 SF Multifamily
  • $3,558,000
For Sale

1208 NE 4th St

Bend, OR 97701

  • 1,749 SF Office Building
  • $725,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Bend pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Bend $378 13,214 SF
La Pine $351 3,270 SF
Sisters $422 9,690 SF
Redmond $394 9,390 SF
Powell Butte $1,369 4,749 SF

Regional Demographic Comparison

This comparison places Bend 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 Bend or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Bend 106,257 43,664 42 $85,613 2 17,039 10%
La Pine 3,119 1,303 48 $45,345 2 434 13%
Sisters 4,408 1,887 49 $78,621 2 634 15%
Redmond 37,028 14,141 39 $72,490 3 5,173 11%
Powell Butte 4,168 1,750 57 $128,088 2 231 22%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Bend, OR 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 Bend

View All Commercial Real Estate For Sale in Bend
Is Bend a good market for a first-time commercial real estate investor?

Bend 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 Bend?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Bend. 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 Bend?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Bend. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Bend compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Bend. 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 Bend acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Bend, 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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