Commercial Real Estate Market in Butte, MT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
210 active listings and 2,445 off-market properties in Butte, MT. Commercial property asks $84/SF to buy and $15.50/SF/Yr to lease.
Market Trends
Butte, MT spans 610.8 square miles in Silver Bow County, Montana. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Butte, MT asks $125/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 Butte, MT asks $38/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 Butte, MT 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 Butte, MT 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 7.8%
- Industrial 1.6%
- Agricultural 0.4%
- Commercial 0.3%
- Civic 0%
- Planned_development 0%
Largest Zones share of zoned land by district
Not Zoned
One Family Suburban Residence
Rural Industrial District
Mobile Home Suburban
One Family Residence
One Family Suburban Residence (R1-S)
The R1-S zone is intended primarily to provide for the transition of large, sparsely settled areas from rural or agricultural characteristics to urban one family residence use, and to provide protecting residential development
Market overview
Demographics & Economy
Butte, MT has 34,342 residents in 16,981 households. Density runs 56 people per square mile. Median household income here is $57,081 and median gross rent $811 a month.
34,342
Population
16,981
Households
2
Avg Household Size
42
Median Age
27%
College-Educated
94%
High-School Grad
610.8 sq mi
ZIP Area
56
Density / Sq Mi
$57,081
Median Household Income
$34,793
Median Earnings
$811
Median Rent
$222,364
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Butte?
Commercial property in Butte, MT asks an average of $84 per square foot. Office carries the highest asking price at $125/SF.
How much does it cost to lease commercial space in Butte?
Asking lease rates in Butte, MT average $15.50 per square foot per year.
Where does Realmo's Butte market data come from?
Realmo compiles Butte, MT figures from 202 active sale listings, 8 active lease listings, 2,445 tracked off-market properties, the current Butte zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 202 active for-sale and 8 active for-lease listings in Butte, MT. 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: 458,328 zoned acres across 31 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 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 30 September 2026 · report a data issue
