washington Retail Market Report
By CREhunt Research · Data through Q3 2025 · Aggregated from Matthews, JLL
Quarterly retail market indicators for washington, aggregated by CREhunt from Matthews, JLL. As of Q3 2025, average asking rent was $33.90/SF/yr and vacancy was 4.1%, per Matthews.
Projected current retail pricing — washington
Projected asking rent
$33.90/SF/yr
Estimated sale value
$311–$392/SF
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q3 2025 Matthews data (cap rate 6.8%, asking rent held flat). Assumes ~96% occupancy and a 65–82% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q3 2025 Matthews | $33.90/SF/yr | 4.1% | 281K SF | — | Matthews |
| Q2 2025 JLL | $33.96/SF/yr | 4.3% | -106K SF | — | JLL |
Frequently asked questions
- What is the average asking rent for retail space in washington?
- As of Q3 2025, the average asking rent for retail space in washington was $33.90/SF/yr, per Matthews.
- What is the retail vacancy rate in washington?
- The retail vacancy rate in washington was 4.1% as of Q3 2025 (Matthews).
- Where does CREhunt's washington market data come from?
- This report aggregates quarterly retail market data for washington from Matthews, JLL.
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