Commercial Real Estate Market in Utah
Utah has 1,918 active for-sale listings and 1,905 active for-lease listings. Statewide, the median asking price is $250/SF and the median asking rent is $21.22/SF/Yr as of November 2026. Realmo tracks 43 city markets here; among the 19 with enough listings to rank, median asking prices range from $191/SF in Cedar City to $345/SF in Millcreek.
- Median asking price
- $250/SF
- Median asking rent
- $21.22/SF/Yr
- For-sale listings
- 1,918
- For-lease listings
- 1,905
- City markets
- 43
Highest- and Lowest-Priced Markets
Asking prices vary across Utah: the median in Millcreek is $345/SF, 1.8x the $191/SF median in Cedar City. The figures below are median asking prices from live listings, not closed sales.
Asking Prices
The highest median asking prices are in Millcreek at $345/SF, Salt Lake City at $294/SF and Murray at $277/SF. The lowest median asking prices are in Cedar City at $191/SF, Ogden at $203/SF and Bountiful at $219/SF. 9 of 19 ranked markets have median asking prices above the statewide $250/SF.
Asking Rents
The highest median asking rents are in Park City at $40.00/SF/Yr, Lehi at $24.00/SF/Yr and Draper at $23.50/SF/Yr. The lowest median asking rents are in Orem at $14.44/SF/Yr, Ogden at $16.00/SF/Yr and West Valley City at $17.95/SF/Yr. 4 of 9 ranked markets have median asking rents above the statewide $21.22/SF/Yr.
Utah vs. Neighboring States
The median asking price in Utah is $250/SF, above the $222/SF median of its 5 neighboring states. By median asking price, the state ranks 2nd of 6 in the group; Colorado is highest at $254/SF and Wyoming lowest at $175/SF. The median asking rent is $21.22/SF/Yr, compared with $18.00/SF/Yr in Colorado, $19.95/SF/Yr in Arizona and $20.00/SF/Yr in Idaho next door. The statewide median asking price is above the U.S. median of $178/SF.
| State | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr | For-Sale Listings | For-Lease Listings |
|---|---|---|---|---|
| Utah | $250 | $21.22 | 1,918 | 1,905 |
| Arizona | $230 | $19.95 | 4,286 | 4,510 |
| Colorado | $254 | $18.00 | 5,794 | 4,857 |
| Idaho | $206 | $20.00 | 2,074 | 831 |
| Nevada | $222 | $14.28 | 1,270 | 1,472 |
| Wyoming | $175 | $45.00 | 807 | 73 |
| United States | $178 | $18.28 | 265,785 | 185,367 |
A dash means fewer than 10 listings with a usable price.
Commercial Real Estate Markets in Utah
Realmo tracks 43 city markets in Utah; the 40 with the most active listings are listed below. Salt Lake City leads with 736 active listings, followed by Ogden and Saint George.
| City | Active Listings | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|---|
| Salt Lake City | 736 | $294 | $22.00 |
| Ogden | 217 | $203 | $16.00 |
| Saint George | 217 | $276 | $20.26 |
| Park City | 184 | $900 | $40.00 |
| Provo | 153 | $269 | — |
| West Valley City | 139 | $240 | $17.95 |
| Cedar City | 132 | $191 | — |
| Orem | 106 | $269 | $14.44 |
| Draper | 101 | — | $23.50 |
| Sandy | 93 | $265 | $21.50 |
| Hurricane | 84 | $230 | — |
| Spanish Fork | 75 | $220 | — |
| Lehi | 62 | — | $24.00 |
| Midvale | 60 | $274 | — |
| Logan | 52 | $224 | — |
| Pleasant Grove | 47 | — | — |
| Murray | 45 | $277 | — |
| Springville | 45 | $230 | — |
| American Fork | 44 | $263 | — |
| North Salt Lake | 41 | — | — |
| Heber | 35 | — | — |
| Clearfield | 31 | — | — |
| Tooele | 31 | $249 | — |
| Millcreek | 27 | $345 | — |
| South Salt Lake | 26 | — | — |
| Moab | 25 | — | — |
| Bountiful | 24 | $219 | — |
| Riverton | 23 | — | — |
| Taylorsville | 21 | — | — |
| Richfield | 19 | — | — |
| Vineyard | 18 | $219 | — |
| Roy | 13 | — | — |
| Herriman | 11 | — | — |
| Kanab | 11 | — | — |
| Magna | 11 | — | — |
| Midway | 10 | — | — |
| Parowan | 10 | — | — |
| Beaver | 8 | — | — |
| Nephi | 8 | — | — |
| South Ogden | 8 | — | — |
Same method as the statewide figures. A dash means fewer than 10 listings with a usable price.
Frequently Asked Questions
What is the median price per square foot for commercial property in Utah?
How much does it cost to lease commercial space in Utah?
Which cities have the highest and lowest commercial property prices?
How do commercial property prices in Utah compare with neighboring states?
Which markets in Utah have the most active listings?
Where does Realmo's market data come from?
Methodology and Data Sources
- Listing coverage
- Asking figures come from 1,918 active for-sale and 1,905 active for-lease listings across Utah in Realmo's public listing index. They are asking prices, not closed-transaction prices. Sale and lease counts are separate and may overlap. Land listings are not counted. The medians are based on the 980 for-sale and 335 for-lease listings that state a price or rent per square foot.
- Asking prices and rents
- Prices are medians of each listing's asking price per square foot, so a few very high or very low listings do not skew them. Data-entry errors are left out, and a median is published only with at least 10 listings with a usable price. A listing with a price range can contribute both endpoints.
- Neighboring states
- Neighboring-state comparisons use the same method and the same snapshot for every state, plus the United States as a reference.
- City markets
- The city list includes cities with more than 3 active listings whose market page has enough data to publish, ordered by active listings, up to 40. The price ranking covers cities with at least 10 priced listings for each metric and leaves out a city more than three times above or below the statewide median. City counts and prices use the same method as the statewide figures, so the table compares like with like; a city's own market page uses its own method, so its figures can differ.
- Updates
- Statewide and neighboring-state figures refresh hourly and city figures daily. Last updated 6 November 2026.
