Kennewick, WA
Commercial Real Estate Market Trends & Data

$202 Avg asking sale price
$19 Avg asking lease rate
4,774 SF Avg unit lease size
33,308 SF Avg building size for sale
6.73% Average cap rate

Kennewick's Demographic Profile

Kennewick has 32,862 households and a median income of $66,627, providing context for rent absorption and tenant demand across retail and multifamily assets. A +7% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 89,365
# Households 32,862
Median age 36
Median household income $66,627
Avg household size 3.0
Renter-occupied housing units 12,576
5-year population change +7%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Kennewick, WA

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Kennewick $226 11,949 SF 8.25%
Richland $194 12,382 SF 8.25%
Hermiston $412 8,740 SF 8.81%
Pasco $314 12,557 SF 8.25%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Kennewick $187 135,901 SF 7.00%
Richland $173 4,763 SF 6.22%
Hermiston $250 7,761 SF 8.81%
Nearby Retail Markets Avg Cost/SF Typical Size
Kennewick $168 26,172 SF
Plymouth $132 8,000 SF
Umatilla $375 6,598 SF
Burbank $183 13,228 SF
Richland $252 20,003 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Umatilla $268 4,600 SF 5.28%
Pasco $206 7,154 SF 6.92%
College Place $179 5,564 SF 7.39%
Moses Lake $180 9,197 SF 6.45%

Commercial Properties For Sale in Kennewick

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

18 W 12th Pl

Kennewick, WA 99336

  • 2.96 AC Lot
  • 1 Commercial Lot
  • $850,000
For Sale

NKA Columbia Park Trail

Richland, WA 99352

  • 4.61 AC Lot
  • 1 Commercial Lot
  • $4,217,044
For Sale

3208 W 19th Ave

Kennewick, WA 99337

  • 6,839 SF Office Building
  • 6.52% Cap Rate
  • $2,795,000
For Sale

Ulta Beauty Pad

Kennewick, WA 99336

  • 8,954 SF Retail Building
  • 5.99% Cap Rate
  • $4,190,000
For Sale

Cynergy Centre

Kennewick, WA 99338

  • 20,284 SF Office Building
  • 7.07% Cap Rate
  • $5,100,000
For Sale

Kennewick Village

Kennewick, WA 99336

  • 82,864 SF Retail Building
  • 7.57% Cap Rate
  • $9,000,000

Average Price For Sale

↻ Updated Monthly

Average Size For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

How Investors Evaluate Commercial Real Estate Markets

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Understand how force majeure clauses work in commercial real estate leases, including what they cover, when they apply, and how to draft them to manage risk.

Nearby Commercial Markets

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

Commercial Markets Avg Cost/SF Average Size
Kennewick $202 33,308 SF
Plymouth $251 8,223 SF
Finley $210 267,105 SF
Umatilla $325 7,618 SF
Burbank $183 13,228 SF

Regional Demographic Comparison

This comparison places Kennewick 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 Kennewick or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Kennewick 89,365 32,862 36 $66,627 3 12,576 7%
Plymouth 329 117 38 $75,833 3 32 -5%
Finley 6,611 2,231 41 $76,015 3 382 6%
Umatilla 7,168 1,978 37 $54,737 3 796 2%
Burbank 3,231 1,104 42 $93,091 3 198 -2%

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

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

Kennewick 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 Kennewick?

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

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

How does Kennewick compare to nearby commercial real estate markets?

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

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