Commercial Real Estate Market in Laurel, MT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
94 active listings and 417 off-market properties in Laurel, MT. Commercial property asks $348/SF to buy and $5.50/SF/Yr to lease.
Market Trends
Laurel, MT spans 175.1 square miles in Yellowstone County, Montana. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Laurel, MT asks $137/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 Laurel, MT asks $96/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 Laurel, 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 space in Laurel, MT asks $189/SF to buy. Vacancy runs 8.6% across the West region in 2025, up from 7% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 50.2%
- Agricultural 22.8%
- Industrial 15.4%
- Commercial 4.9%
- Civic 1%
Largest Zones share of zoned land by district
Residential Tracts Zone
Agricultural Open Space
Heavy Industrial
Public
Light Industrial
Laurel, MT zones 7,912 acres across 15 districts. Commercial zoning covers 4.9% of zoned land, residential 50.2% and industrial 15.4%. The largest single district is Residential Tracts Zone at 36.5%. For commercial buyers the practical constraint is that only 20.4% of land carries a commercial or industrial designation.
Residential Tracts Zone (RT)
This residential zone is intended to designed for single family residential homes on a minimum of one acre of land
Market overview
Demographics & Economy
Laurel, MT has 12,099 residents in 5,247 households. Density runs 69 people per square mile. Median household income here is $86,011 and median gross rent $983 a month.
12,099
Population
5,247
Households
2.3
Avg Household Size
41
Median Age
27%
College-Educated
95%
High-School Grad
175.1 sq mi
ZIP Area
69
Density / Sq Mi
$86,011
Median Household Income
$40,535
Median Earnings
$983
Median Rent
$317,200
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Laurel?
Commercial property in Laurel, MT asks an average of $348 per square foot. Multifamily carries the highest asking price at $189/SF.
How much does it cost to lease commercial space in Laurel?
Asking lease rates in Laurel, MT average $5.50 per square foot per year.
What zoning applies to commercial property in Laurel?
Laurel, MT zones 7,912 acres across 15 districts, of which 4.9% is commercial and 15.4% industrial. The largest single district is Residential Tracts Zone at 36.5% of zoned land. This residential zone is intended to designed for single family residential homes on a minimum of one acre of land Residential zoning covers 50.2% and open space 0%.
Where does Realmo's Laurel market data come from?
Realmo compiles Laurel, MT figures from 90 active sale listings, 4 active lease listings, 417 tracked off-market properties, the current Laurel zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 90 active for-sale and 4 active for-lease listings in Laurel, 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: 7,912 zoned acres across 15 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
