Commercial Real Estate Market in Telluride, CO
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
26 active listings and 377 off-market properties in Telluride, CO.
Market Trends
Telluride, CO spans 190.9 square miles in San Miguel County, Colorado. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Telluride, CO runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Telluride, CO runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Telluride, 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 Telluride, 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
- Open space 79.7%
- Residential 10.4%
- Commercial 7.1%
- Civic 2.6%
- Special 0.2%
- Planned_development 0.2%
Largest Zones share of zoned land by district
Open Space Conservation Easement
Open Space
Telluride Residential
Accommodations District 2
Historic Residential
Telluride, CO zones 1,419 acres across 18 districts. Commercial zoning covers 7.1% of zoned land, residential 10.4% and open space 79.7%. The largest single district is Open Space Conservation Easement at 67.6%. For commercial buyers the practical constraint is that only 7.1% of land carries a commercial or industrial designation.
Open Space Conservation Easement (OS-CE)
The purpose of this district is to manage, review and approve or disapprove permitted and prohibited uses, activities and improvements, including Development, pursuant to applicable provisions of this Code, and in strict accordance with the terms of the Conservation Easement and any associated management plan. Notwithstanding any provisions of the Telluride…
Market overview
Demographics & Economy
Telluride, CO has 5,499 residents in 5,033 households. Density runs 29 people per square mile. Median household income here is $81,777 and median gross rent $1,137 a month.
5,499
Population
5,033
Households
1.1
Avg Household Size
40
Median Age
72%
College-Educated
99%
High-School Grad
190.9 sq mi
ZIP Area
29
Density / Sq Mi
$81,777
Median Household Income
$52,482
Median Earnings
$1,137
Median Rent
$706,100
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Telluride?
Commercial property in Telluride, CO asks an average of $4,471 per square foot. The 3 most recent recorded sales traded at a median of $556/SF, so asking sits 705% above the achieved median.
What zoning applies to commercial property in Telluride?
Telluride, CO zones 1,419 acres across 18 districts, of which 7.1% is commercial and 0% industrial. The largest single district is Open Space Conservation Easement at 67.6% of zoned land. The purpose of this district is to manage, review and approve or disapprove permitted and prohibited uses, activities and improvements, including Development, pursuant to applicable provisions of this Code, and in strict accordance with the terms of the Conservation Easement and any associated management plan. Notwithstanding any provisions of the Telluride… Residential zoning covers 10.4% and open space 79.7%.
Where does Realmo's Telluride market data come from?
Realmo compiles Telluride, CO figures from 6 recent recorded sales, 26 active sale listings, 377 tracked off-market properties, the current Telluride zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 26 active for-sale and 0 active for-lease listings in Telluride, 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: 1,419 zoned acres across 18 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
