Commercial Real Estate Market in Cortez, CO
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
92 active listings and 589 off-market properties in Cortez, CO. Commercial property asks $241/SF to buy and $11.92/SF/Yr to lease.
Market Trends
Cortez, CO spans 419.6 square miles in Montezuma County, Colorado. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Cortez, CO runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Cortez, CO runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Cortez, 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%.
Vacancy Rate % in West region
Multifamily
Multifamily vacancy in Cortez, CO runs 8.6% across the West region in 2025, up from 7% in 2022.
Vacancy Rate % in West region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 51.4%
- Commercial 23.7%
- Agricultural 13.9%
- Planned_development 4.1%
- Industrial 3.3%
- Civic 1.4%
Largest Zones share of zoned land by district
Residential Single Family District
General Commercial
Open District
Residential Multi Family
Mixed Residential
Cortez, CO zones 4,105 acres across 11 districts. Commercial zoning covers 23.7% of zoned land, residential 51.4% and industrial 3.3%. The largest single district is Residential Single Family District at 27.8%. For commercial buyers the practical constraint is that only 27% of land carries a commercial or industrial designation.
General Commercial (C)
C General Commercial District NB Neighborhood Business District I Industrial O Open District PUD Planned Unit Development Section 3.03 Residential Zone Districts Cortez Land Use Code Update Chapter 3 | Page 3-3 Cortez Land Use Code thereof. Where uncertainty exists as to the boundaries of districts as shown on the Official Zoning Maps, the following rules sh…
Market overview
Demographics & Economy
Cortez, CO has 14,402 residents in 6,332 households. Density runs 34 people per square mile. Median household income here is $59,737 and median gross rent $1,010 a month.
14,402
Population
6,332
Households
2.3
Avg Household Size
43
Median Age
28%
College-Educated
90%
High-School Grad
419.6 sq mi
ZIP Area
34
Density / Sq Mi
$59,737
Median Household Income
$35,274
Median Earnings
$1,010
Median Rent
$259,500
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Cortez?
Commercial property in Cortez, CO asks an average of $241 per square foot. The 4 most recent recorded sales traded at a median of $143/SF, so asking sits 69% above the achieved median.
How much does it cost to lease commercial space in Cortez?
Asking lease rates in Cortez, CO average $11.92 per square foot per year.
What zoning applies to commercial property in Cortez?
Cortez, CO zones 4,105 acres across 11 districts, of which 23.7% is commercial and 3.3% industrial. The largest single district is Residential Single Family District at 27.8% of zoned land. Residential zoning covers 51.4% and open space 0%.
Where does Realmo's Cortez market data come from?
Realmo compiles Cortez, CO figures from 5 recent recorded sales, 91 active sale listings, 1 active lease listings, 589 tracked off-market properties, the current Cortez zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 91 active for-sale and 1 active for-lease listings in Cortez, CO. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- 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: 4,105 zoned acres across 11 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 30 September 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 30 September 2026 · How Realmo checks market page data · Report a data issue
