Covington, WA Commercial Real Estate for Lease and Sale

Explore 14 listings of Covington commercial real estate to find the best space for your business.

Covington Place

16720 SE 271st Street, Covington, WA
Property

Office

31,917 SF
Availability

2 Spaces

4,348 SF
Year Built

2002
For Lease

$27.00 - $30.00/SF/YR
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Covington Land Parcel

27013 176th Pl SE, Covington, WA
Property

Land
For Sale

$1,500,000
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176 Place Southeast

176 Place Southeast, Covington, WA
Property

VacantLand
For Sale

$1,500,000
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16783 SE 272nd St

16783 SE 272nd St, Covington, WA
Property

Retail

10,042 SF
Availability

1 Space

1,200 SF
Year Built

1998
For Lease Contact for pricing
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Covington Square

16783 SE 272ND ST, Covington, COVINGTON, WA
Property

Retail

10,042 SF
Availability

1 Space

1,200 SF
Year Built

1998
For Lease Contact for pricing
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27025 168th Pl SE

27025 168th Pl SE, Covington, WA
Property

VacantLand

0.23 Acre
For Sale

$500,000
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Covington Square

17023 SE 272nd Street, Covington, WA
Property

Retail

151,563 SF
Availability

2 Spaces

5,301 SF
Year Built

1986
For Lease Contact for pricing
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RETAIL at FRED MEYER COVINGTON

16735 SE 272nd Street, Covington, WA
Property

Retail

174,877 SF
Availability

1 Space

1,531 SF
Year Built

1997
For Lease Contact for pricing
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Covington Shopping Center

17307 SE 272nd Street, Covington, WA
Property

Retail

72,868 SF
Availability

5 Spaces

48,625 SF
Year Built

1963
For Lease Contact for pricing
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Covington Esplanade Shopping Center

27027 185th Avenue SE, Covington, Kent, WA
Property

Retail

187,388 SF
Availability

3 Spaces

9,784 SF
Year Built

2008
For Lease Contact for pricing
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16846 & 16850 SE Wax Rd

16846 & 16850 SE Wax Rd, Covington, WA
Property

VacantLand

1.24 Acre
For Sale

$1,682,000
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Covington 18

28009 Covington Way SE, Covington, WA
Property

Industrial

247,409 SF
Availability

1 Space

259,975 SF
Year Built

2025
For Lease Contact for pricing
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17018 SE WAX RD

17018 SE WAX RD, Covington, WA
Property

VacantLand

34,848 SF
For Sale

$775,000
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27121 & 27125 174th Place SE

27121 174th Place SE, Covington, Kent, WA
Property

Office

20,776 SF
Availability

1 Space

2,120 SF
For Lease

$30.00/SF/YR
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Covington commercial real estate market incorporates 52,693 square feet of office space across 2 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Covington commercial real estate market includes 606,780 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Covington market, there is a total of 507,384 square feet of industrial property.

The listing inventory in Covington incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Covington is represented by Industrial space, which accounts for 259,975 square feet of available listings. Retail space available in Covington adds up to 67,641 square feet.

Meanwhile, most of the listings of commercial property for sale in Covington are in the Industrial category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Covington, depending on the property type you are interested in.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $30 per square foot.

The average size of a commercial property in Covington depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Covington, the average size of an office property is 26,347 square feet.
Retail properties here incorporate an average of 101,130 square feet.
Industrial space in Covington is in buildings that are, on average 253,692 square feet in size.

Covington, WA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Covington currently add up to 334,084 square feet. The market offers 2 active office listing(s), which amount to 6,468 square feet and account for 20% of commercial spaces on the market. Local retail availability includes 67,641 square feet across 7 retail space(s). Industrial space for rent opportunities in Covington amount to 259,975 square feet across a total of 1 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	2	6,468
Retail	7	67,641
Industrial	1	259,975

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Covington, WA. Currently, there is 294,823 square feet of commercial property for sale here , which includes 1 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Industrial	1	259,975
Other	4	34,848

Covington, WA Commercial Real Estate for Lease and Sale

Covington Place

Covington Land Parcel

176 Place Southeast

16783 SE 272nd St

Covington Square

27025 168th Pl SE

Covington Square

RETAIL at FRED MEYER COVINGTON

Covington Shopping Center

Covington Esplanade Shopping Center

16846 & 16850 SE Wax Rd

Covington 18

17018 SE WAX RD

27121 & 27125 174th Place SE

Frequently Asked Questions

Covington, WA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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Covington, WA Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Covington, WA?

What factors affect the price of commercial real estate in Covington, WA?

What are the best areas for commercial real estate in Covington, WA?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Covington, WA?

Covington, WA Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

Other Popular Searches

Popular Coworking Searches

Popular Office Searches

Popular Retail Searches

Popular Industrial Searches

About us