Ryan Martin & KC Coonc
Windermere Real Estate/Whatcom, Inc.

Bellingham Commercial Real Estate

Bellingham is the largest market for commercial real estate, north of Snohomish County. There are four major retail sections located within the City of Bellingham: Downtown, Cordata, Sunset, and Fairhaven. Bellingham also has an international airport, as well as a major port that is in the process of being upgraded. 
 
Bellingham Primary Trade Area (population 202,000)
Bellingham’s primary trade area serves a population of 202,000, which includes Bellingham’s city population of 81,000 and an addition population of 121,000 Whatcom County residents based on natural barriers and a lack of retail options.
 
Bellingham Secondary Trade Area (population 550,000)
The secondary trade area of Bellingham serves a population of 550,000 which includes the lower mainland of British Columbia including Vancouver, Richmond, Surrey, and Abbotsford as well as a population of 100,000 from Skagit Valley. Canadian retail tourism is strong in Bellingham’s trade area with over 12,700,000 passengers crossing the border from Canada into Bellingham in 2011.
 

Commercial Real Estate in Bellingham, WA

In addition to commercial retail, Bellingham also offers a great deal of industrial buildings and land available for development. The majority of the industrially zoned land is located in the Irongate Business Park, Auto Row on Iowa Street, and along the Guide Meridian in north Bellingham. Iowa Street is home to nearly every auto dealership in Bellingham, including Audi, Porsche, Mercedes, Volvo, Jeep, GM, Ford, and Toyota.

Bellingham WA Commercial Vacancy Rates (*updated 4-09)

Bellingham Office Space The total square footage of Bellingham office space is 5,377,944 with an overall office vacancy rate is 4.37%.

Bellingham Retail Space The total square footage of Bellingham office space is 11,895,296 with an overall office vacancy rate is 4.92%.

Bellingham Industrial Space The total square footage of Bellingham office space is 8,440,232 with an overall office vacancy rate is 4.35%.

*statistics by the Whatcom County Real Estate Research Report 2009
 
Call direct 360-296-7365 or e-mail KC@NorthSoundCommercial.com for more information today. Our office is located at Windermere Fairhaven - 1200 Old Fairhaven Pkwy #106 - Bellingham, WA 98225
Windermere Real Estate/Whatcom, Inc. - Fairhaven Branch | 1200 Old Fairhaven Parkway Suite 106, Bellingham WA 98225
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