Commercial Real Estate Market in Montrose, CO
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
79 active listings and 1,378 off-market properties in Montrose, CO. Commercial property asks $206/SF to buy and $28.00/SF/Yr to lease.
Market Trends
Montrose, CO spans 705.9 square miles in Montrose County, Colorado. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Montrose, CO has a median asking sale price of $240/SF (based on 3 listings). Vacancy runs 20.8% across the West region in 2025, up from 11% in 2019.
Retail
Retail space in Montrose, CO has a median asking sale price of $196/SF (based on 9 listings). Vacancy runs 5.8% across the West region in 2025, down from 7% in 2020.
Typical asking range for active listings in Montrose, CO (the middle half): Lease $28.00–$28.00/SF/Yr (median $28.00/SF/Yr, 9 listings); Sale $167–$215/SF (median $196/SF, 9 listings).
Industrial
Industrial space in Montrose, CO has a median asking sale price of $167/SF (based on 3 listings). Vacancy 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 space in Montrose, CO has a median asking sale price of $209/SF (based on 3 listings). Vacancy 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 68%
- Industrial 14.2%
- Commercial 11.2%
Largest Zones share of zoned land by district
Montrose, CO zones 12,136 acres across 20 districts. Commercial zoning covers 11.2% of zoned land, residential 68% and industrial 14.2%. The largest single district is Medium Density at 19.3%. For commercial buyers the practical constraint is that only 25.3% of land carries a commercial or industrial designation.
The "R-3" Medium Density District is intended to provide for an area which is suitable primarily for single-household detached, attached and duplex dwellings, along with certain other compatible land uses. (6) The "R-3A" Medium High Density District is intended to provide for an area which is suitable primarily for single household attached, triplex, fourple…
Market overview
Demographics & Economy
Montrose, CO has 35,253 residents in 16,137 households. Density runs 50 people per square mile. Median household income here is $66,974 and median gross rent $1,173 a month.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Montrose?
How much does it cost to lease commercial space in Montrose?
What zoning applies to commercial property in Montrose?
Where does Realmo's Montrose market data come from?
Methodology & data sources
- Asking prices and medians
- There are 34 active for-sale and 45 active for-lease listings in Montrose, CO. The medians are based on 20 of the for-sale and 12 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: 12,136 zoned acres across 20 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
