Commercial Real Estate Market in Montrose, CO
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
337 active listings and 1,378 off-market properties in Montrose, CO. Commercial property asks $323/SF to buy and $10.01/SF/Yr to lease.
Market Trends
Montrose, CO spans 705.9 square miles in Montrose County, Colorado. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Montrose, CO runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail space in Montrose, CO asks $188/SF to buy. Vacancy runs 5.8% across the West region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Industrial
Industrial vacancy in Montrose, 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 Montrose, 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 68%
- Industrial 14.2%
- Commercial 11.2%
Largest Zones share of zoned land by district
Medium Density
Low Density
Large Estates
Medium High Density
Highway Commercial
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.
Medium Density (R-3)
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.
35,253
Population
16,137
Households
2.2
Avg Household Size
46
Median Age
31%
College-Educated
92%
High-School Grad
705.9 sq mi
ZIP Area
50
Density / Sq Mi
$66,974
Median Household Income
$37,990
Median Earnings
$1,173
Median Rent
$390,230
Median Home Value
Tools
Lease vs Buy Breakeven
At $10.01/SF/Yr lease vs $323/SF buy → leasing stays cheaper across the full 30-year hold modeled here.
At a 3.1% 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.
Nearby Markets
Commercial property in Montrose, CO asks $323/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Montrose?
Commercial property in Montrose, CO asks an average of $323 per square foot. The 7 most recent recorded sales traded at a median of $209/SF, so asking sits 54% above the achieved median. Retail carries the highest asking price at $188/SF.
How much does it cost to lease commercial space in Montrose?
Asking lease rates in Montrose, CO average $10.01 per square foot per year.
Is it cheaper to lease or buy commercial space in Montrose?
In Montrose, CO, leasing stays cheaper across the modelled hold period. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
What zoning applies to commercial property in Montrose?
Montrose, CO zones 12,136 acres across 20 districts, of which 11.2% is commercial and 14.2% industrial. The largest single district is Medium Density at 19.3% of zoned land. 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… Residential zoning covers 68% and open space 0%.
Where does Realmo's Montrose market data come from?
Realmo compiles Montrose, CO figures from 7 recent recorded sales, 304 active sale listings, 33 active lease listings, 1,378 tracked off-market properties, the current Montrose zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 304 active for-sale and 33 active for-lease listings in Montrose, 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: 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 August 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 August 2026 · report a data issue
