Commercial Real Estate Market in Basalt, CO
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
56 active listings and 427 off-market properties in Basalt, CO. Commercial property asks $691/SF to buy and $34.00/SF/Yr to lease.
Market Trends
Basalt, CO spans 258.7 square miles in Eagle County, Colorado. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Basalt, CO has a median asking sale price of $691/SF (based on 9 listings). Vacancy runs 20.8% across the West region in 2025, up from 11% in 2019.
Typical asking range for active listings in Basalt, CO (the middle half): Lease $33.00–$46.00/SF/Yr (median $43.64/SF/Yr, 9 listings); Sale $569–$740/SF (median $691/SF, 9 listings).
Retail
Retail space in Basalt, CO has a median asking sale price of $951/SF (based on 4 listings). Vacancy runs 5.8% across the West region in 2025, down from 7% in 2020.
Typical asking range for active listings in Basalt, CO (the middle half): Lease $35.00–$42.00/SF/Yr (median $35.00/SF/Yr, 9 listings).
Industrial
Industrial vacancy in Basalt, CO runs 7.9% across the West region in 2025, up from 3.7% in 2019. Nearly 3.2x the 2022 low of 2.5%.
Multifamily
Multifamily vacancy in Basalt, CO runs 8.6% across the West region in 2025, up from 7% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 35.9%
- Commercial 33.1%
- Civic 18%
- Industrial 6.3%
- Planned_development 1.5%
Largest Zones share of zoned land by district
Basalt, CO zones 1,180 acres across 13 districts. Commercial zoning covers 33.1% of zoned land, residential 35.9% and industrial 6.3%. The largest single district is Community Commercial District at 33%. For commercial buyers the practical constraint is that only 39.4% of land carries a commercial or industrial designation.
It is the intent of the Community Commercial District to provide for the general retail uses and services for the community as a whole, community commercial uses generally require larger land areas than neighborhood or downtown business uses and close proximity to major collector or arterial streets
Market overview
Demographics & Economy
Basalt, CO has 6,034 residents in 3,145 households. Density runs 23 people per square mile. Median household income here is $103,721 and median gross rent $2,220 a month.
Tools
Lease vs Buy Breakeven
At $34.00/SF/Yr lease vs $691/SF buy → buying wins if held > 10.7 years.
At a 4.9% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Frequently Asked Questions
What is the median price per square foot for commercial property in Basalt?
How much does it cost to lease commercial space in Basalt?
Is it cheaper to lease or buy commercial space in Basalt?
What zoning applies to commercial property in Basalt?
Where does Realmo's Basalt market data come from?
Methodology & data sources
- Asking prices and medians
- There are 30 active for-sale and 26 active for-lease listings in Basalt, CO. The medians are based on 17 of the for-sale and 24 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 1,180 zoned acres across 13 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 October 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at West region level, retail vacancy is reported at West region level and industrial vacancy is reported at West region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 October 2026 · How Realmo checks market page data · Report a data issue
