Commercial Real Estate in Vancouver, WA
421 results
$695/month
$1,600/month
$674 -
$475/month
More info
Lease:
$5,977/month
$1,750,000
Lease:
$4,666 -
$13,313/month
5,706 SF
$6,063/month
$2,499 -
$10,416/month
5,000 SF
$1,775/month
$6,600/month
$6,298/month
$1,333 -
$3,587/month
1,250 SF
$1,026,000
16,000 SF
$750 -
$4,737/month
2,274 SF
$1,066/month
$1,545/month
$600 -
$2,308/month
1,539 SF
$750 -
$2,056/month
1,600 SF
$1,464/month
$1,850/month
More info
$715/month
$1,809 -
$4,215/month
2,500 SF
$1,044/month
$850,000
$4,100,000
$11,000,000
$1,890 -
$9,533/month
5,200 SF
$6,081/month
$2,025 -
$4,185/month
$3,817/month
$11,821 -
$30,302/month
16,529 SF
$2,998/month
$7,500 -
$30,000/month
15,000 SF
$2,956 -
$3,285/month
$2,227 -
$11,263/month
5,461 SF
$1,827/month
$1,999/month
$2,795/month
$696 -
$1,049/month
450 SF
39,517 SF
$2,221/month
$2,722/month
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Overview of Commercial Real Estate in Vancouver, WA
The largest suburb of Portland, OR and an economic force in its own right, Vancouver, WA is the fourth-largest city in Washington and a beautiful, scenic alternative to the hustle and bustle of big city life.
Routinely named as one of the best cities in the country to raise a family, Vancouver shows its true colors in its rich history, commitment to education, and low cost of living - and of doing business. Thanks to significant state tax improvements, Vancouver has continued to grow as an economic powerhouse in Washington and provides companies an opportunity to attract Portland’s talent base without paying higher rent, overhead, and taxes found across the Columbia River.
However, the commercial real estate market in Vancouver is decidedly limited. Fewer than 100 listings are available in the city, but with a median rate of $26 per square foot/year, enterprising companies should be able to find an affordable space without issue.
Economy of Vancouver
Vancouver is a classic border town, offering companies Washington’s attractive zero state income tax rate compared to Oregon’s extremely high 10.3%. And with real estate conditions in Portland accelerating at a steady clip, it’s a no-brainer that Vancouver has emerged as a haven for small businesses as its neighbor to the south has grown ever more expensive.
Historically a port and timber hub on the west coast, Vancouver has emerged as a high-tech and service-oriented economy, with many residents commuting to Portland for work. However, the city’s largest employers are in healthcare, government, and retail, but two major corporations hold their headquarters in Vancouver: Nautilus, Inc. and The Holland.
Trends of Vancouver
There are over 30 new developments in the review process in Clark County, WA and dozens more underway, namely the major redevelopment at the Waterfront, which will include 3,300 residential units and more than 1 million square footage of new office space along the Columbia River near the city’s core district. In addition, developments at Library Square, the Luxe, and Prestige Plaza will bring hundreds of thousands of new office and commercial space to the city’s stifled commercial real estate market.
On the residential side, home prices - and a lack of inventory - have led to skyrocketing residential real estate prices. With a median home price of $345,000, the city has become inundated with commuters from nearby Portland, where median household income is much higher (but so are home prices).
Market Stats
Vancouver has 528 commercial real estate spaces for lease, representing 3,489,566 sqft space.
188 buildings are available for sale.
In the past 30 days, Vancouver has had 399 spaces leased and 3 new spaces come on market.