Blaine Commercial Real Estate Information

The Peace Arch Canadian border and the downtown waterfront are the two prime locations for commercial real estate in Blaine Washington. Blaine’s waterfront is a great place for tourism based retail businesses. Many of the homes located along Peace Portal Drive have been converted into small businesses. These businesses include; doctor & dentist offices, law offices as well as CPA offices. The Blaine Marina is also located off Marie Drive, which is off Peace Portal Drive.

The second area of commercial development in Blaine Washington is the Peace Arch Canadian border. Blaine’s Canadian / US border provides some unique opportunities for both American and Canadian businesses. The primary businesses that benefit from the proximity to the border are warehouse and shipping based businesses.

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Retail, Office, and Industrial Market Statistics

Based on the small local population in Blaine there is not a lot of data for market statistics. As a result the data can easily be skewed by large or unusual sales and leases.

Blaine WA Retail Market Statistics (2017 YTD)

Availability	Survey	5-Year Avg
NNN Rent Per SF	$10.24	$11.55
Vacancy Rate	22.4%	20.7%
Vacant SF	122,085	111,616
Availability Rate	22.5%	22.4%
Available SF	122,085	121,209
Sublet SF	0	14,155
Months on Market	53.3	41

Blaine Office Market Statistics (2017 YTD)

Availability	Survey	5-Year Avg
Gross Rent Per SF	$14.58	$12.65
Vacancy Rate	1.5%	6.8%
Vacant SF	2,450	11,029
Availability Rate	2.7%	7%
Available SF	4,466	11,355
Sublet SF	0	0
Months on Market	3.9	25.9

Blaine Industrial Market Statistics (2017 YTD)

Availability	Survey	5-Year Avg
Rent Per SF	0	$6.80
Vacancy Rate	0%	0.3%
Vacant SF	0	810
Availability Rate	6%	1.4%
Available SF	20,000	4,489
Sublet SF	0	0
Months on Market	0	18.3

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