Commercial Real Estate Market in Somerset, CO
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
5 active listings and 5 off-market properties in Somerset, CO.
Market Trends
Somerset, CO spans 620.2 square miles in Gunnison County, Colorado. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Somerset, CO runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Somerset, CO runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Somerset, 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 Somerset, CO runs 8.6% across the West region in 2025, up from 7% in 2022.
Vacancy Rate % in West region
Market overview
Demographics & Economy
Somerset, CO has 158 residents in 151 households. Median household income here is $101,750.
158
Population
151
Households
1
Avg Household Size
53
Median Age
58%
College-Educated
94%
High-School Grad
620.2 sq mi
ZIP Area
$101,750
Median Household Income
$93,750
Median Earnings
$0
Median Rent
$638,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Bear Mine | — | — |
| Bowie | — | — |
| Paonia | — | — |
| Hotchkiss | — | — |
Commercial property in Somerset, CO asks $1,185/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Somerset?
Commercial property in Somerset, CO asks an average of $1,185 per square foot.
Methodology & data sources
- Asking prices and averages
- Computed from 5 active for-sale and 0 active for-lease listings in Somerset, 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.
- 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
