Vancouver, WA
Commercial Real Estate Market Trends & Data

$418 per SF Avg asking sale price
$23 per SF Avg asking lease rate
10,584 SF Avg unit lease size
41,017 SF Avg building size for sale
6.77% Average cap rate

Vancouver's Demographic Profile

Vancouver has 80,101 households and a median income of $71,366, 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 195,545
# Households 80,101
Median age 39
Median household income $71,366
Avg household size 2.0
Renter-occupied housing units 41,951
5-year population change +7%

{{marketTabHeadings[activeMarketTab]}}

↻ Updated Monthly

{{marketTabDescriptions[activeMarketTab]}}

Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Vancouver $265 25,502 SF 9.75%
Orchards $737 12,622 SF 5.84%
Portland $258 17,521 SF 12.02%
Battle Ground $205 6,800 SF 6.76%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Vancouver $276 105,705 SF 8.81%
Portland $219 33,004 SF 12.91%
Ridgefield $131 25,480 SF 4.46%
Nearby Retail Markets Avg Cost/SF Typical Size
Vancouver $565 19,115 SF
Orchards $387 23,162 SF
Portland $375 16,884 SF
Camas $474 10,310 SF
Interlachen $1,060 2,478 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Vancouver $402 44,957 SF 7.35%
Portland $311 33,372 SF 8.06%
Battle Ground $217 67,699 SF 5.11%
Rockwood $180 20,166 SF 7.78%
Wood Village $180 19,076 SF 4.09%

Commercial Properties For Sale in Vancouver

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

NE 49th ST and NE 121st AVE, Vancouver, WA

Vancouver, WA 98682

  • 9.21 AC Lot
  • 1 Commercial Lot
  • $2,500,000
For Sale

Aveda Institute Portland

Vancouver, WA 98661

  • 17,475 SF Specialty
  • 7.52% Cap Rate
  • $4,235,000
For Sale

7806 NE 117th Ave

Vancouver, WA 98662

  • 2.56 AC Lot
  • 1 Commercial Lot
  • $1,500,000
For Sale

2811 E Evergreen Blvd

Vancouver, WA 98661

  • 12,000 SF Office Building
  • $2,950,000
For Sale

Former IHOP

Vancouver, WA 98683

  • 4,495 SF Retail Building
  • $2,800,000
For Sale

Covington Manor Townhomes

Vancouver, WA 98662

  • 19,918 SF Multifamily
  • 5.11% Cap Rate
  • $5,000,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

How Investors Evaluate Commercial Real Estate Markets

Exit Cap Rates in Commercial Real Estate
Exit Cap Rates in Commercial Real Estate
Understanding Exit Cap Rates and Terminal Cap Rates for Better Investment Returns
Types of Retail Properties
Types of Retail Properties
Understanding Retail Property Categories and Their Investment Potential
Debt Service Coverage Ratio (DSCR) Calculator
Debt Service Coverage Ratio (DSCR) Calculator
Assess Your Investment's Health in Seconds
Qualified Improvement Property: Tax Rules for CRE Investors
Qualified Improvement Property: Tax Rules for CRE Investors
Understand how QIP's 15-year recovery period and bonus depreciation eligibility can accelerate cost recovery on commercial property improvements.
Sales Comparison Approach
Sales Comparison Approach
Learn how to use market data to make confident property investment decisions
Modular Drive-Thrus: Costs and Configurations
Modular Drive-Thrus: Costs and Configurations
Save on Time, Construction and Labor Costs
Property Title Search
Property Title Search
Learn how to verify ownership, spot red flags, and protect your deal with a thorough property title search.
The 'Pet Clause' for Office Leases
The 'Pet Clause' for Office Leases
Lease Language for Landlords and Tenants

Nearby Commercial Markets

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

Commercial Markets Avg Cost/SF Average Size
Vancouver $418 41,017 SF
Orchards $461 107,661 SF
Brush Prairie $408 122,822 SF
Portland $296 26,069 SF
Battle Ground $211 52,474 SF

Regional Demographic Comparison

This comparison places Vancouver 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 Vancouver or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Vancouver 195,545 80,101 39 $71,366 2 41,951 7%
Orchards 30,668 10,305 36 $86,885 3 3,099 7%
Brush Prairie 3,004 1,032 44 $117,622 3 159 9%
Portland 631,775 273,591 40 $83,502 2 141,301 -2%
Battle Ground 22,451 7,693 37 $90,650 3 2,153 8%

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

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

Vancouver 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 Vancouver?

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

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

How does Vancouver compare to nearby commercial real estate markets?

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

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

Nearby Market Trends