Commercial Real Estate Market in Elko, NV
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
154 active listings and 1,156 off-market properties in Elko, NV. Commercial property asks $350/SF to buy and $16.95/SF/Yr to lease.
Market Trends
Elko, NV spans 1,212.7 square miles in Elko County, Nevada. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Elko, NV runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Elko, NV runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Elko, NV 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 Elko, NV 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
- Agricultural 36.6%
- Civic 29.3%
- Industrial 16.1%
- Commercial 9.4%
- Residential 6.7%
- Mixed use 1.8%
- Planned_development 0.1%
Largest Zones share of zoned land by district
General Agriculture District
Single And Multiple Family Residential District
Public Quasi Public District
General Commercial District
General Industrial District
Single And Multiple Family Residential District (R)
The purpose of the R zoning district is to provide for a mixture and diversity of housing types for both single family and multi family residential development and limited institutional, office and neighborhood service type uses where appropriate
Market overview
Demographics & Economy
Elko, NV has 26,250 residents in 11,079 households. Density runs 22 people per square mile. Median household income here is $83,777 and median gross rent $1,185 a month.
26,250
Population
11,079
Households
2.4
Avg Household Size
34
Median Age
16%
College-Educated
87%
High-School Grad
1212.7 sq mi
ZIP Area
22
Density / Sq Mi
$83,777
Median Household Income
$48,886
Median Earnings
$1,185
Median Rent
$278,700
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Elko?
Commercial property in Elko, NV asks an average of $350 per square foot. The 5 most recent recorded sales traded at a median of $188/SF, so asking sits 87% above the achieved median.
How much does it cost to lease commercial space in Elko?
Asking lease rates in Elko, NV average $16.95 per square foot per year.
Where does Realmo's Elko market data come from?
Realmo compiles Elko, NV figures from 7 recent recorded sales, 131 active sale listings, 23 active lease listings, 1,156 tracked off-market properties, the current Elko zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 131 active for-sale and 23 active for-lease listings in Elko, NV. 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: 11,108 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 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 · How Realmo checks market page data · Report a data issue
