Commercial Real Estate Market in Ridgway, CO
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
110 active listings and 211 off-market properties in Ridgway, CO. Commercial property asks $1,249/SF to buy and $14.86/SF/Yr to lease.
Market Trends
Ridgway, CO spans 300.4 square miles in Ouray County, Colorado. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Ridgway, CO asks $526/SF to buy. Vacancy runs 20.8% across the West region in 2025, up from 11% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Retail
Retail space in Ridgway, CO asks $463/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 Ridgway, 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 Ridgway, 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 77.8%
- Commercial 15.3%
- Civic 3.5%
- Industrial 3.4%
Largest Zones share of zoned land by district
Residential
Future Development District
General Commercial District
Historic Residential District
Historic Business District
Ridgway, CO zones 1,180 acres across 9 districts. Commercial zoning covers 15.3% of zoned land, residential 77.8% and industrial 3.4%. The largest single district is Residential at 44.9%. For commercial buyers the practical constraint is that only 18.7% of land carries a commercial or industrial designation.
Residential (R)
This District is intended to accommodate low to moderate density development for single family detached dwellings, as well as a mix of other housing types and other compatible land uses where supported by the Master Plan. Environmental protection is provided by allowing cluster development to preserve environmentally sensitive lands, maintain common open spa…
Market overview
Demographics & Economy
Ridgway, CO has 3,061 residents in 2,058 households. Density runs 10 people per square mile. Median household income here is $87,547 and median gross rent $1,469 a month.
3,061
Population
2,058
Households
1.5
Avg Household Size
54
Median Age
56%
College-Educated
99%
High-School Grad
300.4 sq mi
ZIP Area
10
Density / Sq Mi
$87,547
Median Household Income
$46,643
Median Earnings
$1,469
Median Rent
$771,400
Median Home Value
Tools
Nearby Markets
Commercial property in Ridgway, CO asks $1,249/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Ridgway?
Commercial property in Ridgway, CO asks an average of $1,249 per square foot. The 6 most recent recorded sales traded at a median of $370/SF, so asking sits 238% above the achieved median. Office carries the highest asking price at $526/SF.
How much does it cost to lease commercial space in Ridgway?
Asking lease rates in Ridgway, CO average $14.86 per square foot per year.
What zoning applies to commercial property in Ridgway?
Ridgway, CO zones 1,180 acres across 9 districts, of which 15.3% is commercial and 3.4% industrial. The largest single district is Residential at 44.9% of zoned land. This District is intended to accommodate low to moderate density development for single family detached dwellings, as well as a mix of other housing types and other compatible land uses where supported by the Master Plan. Environmental protection is provided by allowing cluster development to preserve environmentally sensitive lands, maintain common open spa… Residential zoning covers 77.8% and open space 0%.
Where does Realmo's Ridgway market data come from?
Realmo compiles Ridgway, CO figures from 7 recent recorded sales, 108 active sale listings, 2 active lease listings, 211 tracked off-market properties, the current Ridgway zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 108 active for-sale and 2 active for-lease listings in Ridgway, 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: 1,180 zoned acres across 9 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, industrial vacancy is reported at West region level and asking prices run materially above recent closed pricing.
- 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
