Vancouver, WA Commercial Real Estate Market Trends & Data

Commercial Real Estate Market Report

This page offers a quick snapshot of commercial real estate conditions in Vancouver, highlighting how current pricing, $349 per square foot, typical deal size, and available inventory shape the market before you dive into individual listings.

Explore Commercial Properties in Vancouver

Browse properties currently for sale or lease to see how local market pricing and building sizes translate into real opportunities.

Commercial Property For Sale in Vancouver

Commercial Property For Rent in Vancouver

Vancouver's Demographic Profile

With a population of 195,545 and a median household income of $71,366, these metrics help investors gauge whether Vancouver's pricing reflects local demand fundamentals.

Key Demographic Metrics	Value
Population	195,545
# Households	80,101
Median age	39
Median household income	$71,366
Avg household size	2
Renter-occupied housing units	41,951
5-year population change	7%

Commercial Real Estate Market Snapshot in Vancouver

These market metrics outline current pricing, typical deal size, and observed cap rate ranges, giving investors a quick read on entry costs and high-level underwriting expectations.

Key Market Metrics	Value
Avg asking sale price	$349 per SF
Avg asking lease rate	$1,275 per SF
Avg unit size for lease	10,864 SF
Avg building size for sale	28,923 SF
Average cap rate	6.63%

In Vancouver, commercial properties are currently listed at an average sale price of $349 per square foot, with average lease rates around $1,275 per square foot. Typical leased spaces are approximately 10,864 SF, while properties for sale average 28,923 SF in building size. Observed cap rates average 6.63%, offering a reference point for return expectations relative to pricing and deal scale.

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

810 NE 167th Ave

Vancouver, WA 98684

3,153 SF Health Care Building
$859,900

For Sale

Professional Office/Medical/Service Property

Vancouver, WA 98683

2,412 SF Office Building
$699,000

For Sale

SE Mill Plain Blvd

Vancouver, WA

$2,800,000

For Sale

8-Unit Multifamily Opportunity with Excess La

Vancouver, WA 98662

5,168 SF Multifamily
6.69% Cap Rate
$1,179,000

For Sale

6511 NE 18th St

Vancouver, WA 98661

18,151 SF Industrial Building
$4,295,000

For Sale

Jailen's Pointe Apartments

Vancouver, WA 98686

122,822 SF Multifamily
5.00% Cap Rate
$50,135,740

For Sale

1710 Bryant St

Vancouver, WA 98661

0.25 AC Lot
1 Residential Income Lot
$365,000

For Sale

2705 NE 65th Ave

Vancouver, WA 98661

10,000 SF Industrial Building
$1,650,000

Commercial Market Metrics by Property Type

Office Building Market Metrics Near Vancouver

Office market metrics highlight how pricing, typical deal size, and return expectations vary across submarkets, helping investors compare entry costs and yield potential efficiently.

Nearby Office Markets	Avg Cost/SF	Typical Size	Cap Max
Vancouver	$283	30,371 SF	9.75%
Portland	$264	17,843 SF	10.58%

Retail Property Market Metrics Near Vancouver

Retail pricing varies widely across nearby markets, making this comparison useful for identifying where cost per square foot and deal size diverge most.

Nearby Retail Markets	Avg Cost/SF	Typical Size
Vancouver	$571	10,905 SF
Portland	$317	10,866 SF

Multifamily Property Market Metrics Near Vancouver

Multifamily metrics show how pricing and building size relate to observed cap rate ranges, helping investors evaluate income potential relative to entry cost.

Nearby Multifamily Markets	Avg Cost/SF	Typical Size	Cap Max
Vancouver	$254	44,667 SF	7.03%
Portland	$248	20,954 SF	7.75%

How Investors Evaluate Commercial Real Estate Markets in Vancouver

Use these tools to move from market-level signals to deal-level math. Each calculator helps translate Vancouver pricing, rents, and building size into concrete metrics like value, income, and space requirements, so you can validate assumptions before spending time on individual listings.

Commercial Property Valuation

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Net Operating Income (NOI) Calculator

Calculating NOI and Understanding the Significance of This Metric in Commercial Real Estate Investment

Internal Rate of Return (IRR) Calculator

Use this calculator to measure annualized returns, compare investment scenarios, and evaluate risk across commercial real estate deals.

Cash on Cash Return

Learn How Cash on Cash Return Can Optimize Your Real Estate Investments

Debt Service Coverage Ratio (DSCR) Calculator

Assess Your Investment's Health in Seconds

Gross Rent Multiplier (GRM) Calculator & Investment Guide

Simplifying Your Investment Analysis

Land Loan Calculator

Use this calculator to estimate monthly payments, interest, and total financing costs for raw, unimproved, or improved land purchases.

Balloon Payment Calculator

Use this calculator to estimate monthly payments, total interest, and the final lump-sum balloon payment for commercial real estate loans.

Office Space Calculator

Estimate How Much Space Your Team Really Needs

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	$349	28,923 SF
Portland	$273	18,430 SF

Office Space For Sale In Vancouver

Office listings shown here connect market pricing and size patterns with income-producing opportunities currently available.

For Sale

Professional Office/Medical/Service Property

Vancouver, WA 98683

2,412 SF Office Building
$699,000

For Sale

SE Mill Plain Blvd

Vancouver, WA

$2,800,000

For Sale

4th Street Business Park

Vancouver, WA 98684

25,064 SF Office Building
$8,020,480

For Sale

8513-8515 Oak Place Professional Offices

Vancouver, WA 98665

15,818 SF Office Building
7.00% Cap Rate
$3,300,000

For Sale

Office & Warehouse Portfolio Sale

Vancouver, WA

$840,000

For Sale

Venture Commercial Real Estate Building

Vancouver, WA 98686

1,610 SF Office Building
$730,000

For Sale

Thomas J. Foley Law Firm

Vancouver, WA 98660

9,520 SF Office Building
$2,550,000

For Sale

4700 NE St Johns Rd

Vancouver, WA 98661

9,126 SF Retail Building
$2,100,000

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	MedianHouseholdIncome	AvgHouseholdSize	RenterOccupiedHousingUnits	FiveYrPopGrowthPct
Vancouver	195,545	80,101	39	$71,366	2	41,951	7%
Portland	631,775	273,591	40	$83,502	2	141,301	-2%

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.

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