Commercial Real Estate Market in Draper, UT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
148 active listings and 1,069 off-market properties in Draper, UT. Commercial property asks $101/SF to buy and $23.39/SF/Yr to lease.
Market Trends
Draper, UT spans 27.2 square miles in Salt Lake County, Utah. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Draper, UT runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Draper, UT runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Draper, UT 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 Draper, UT asks $293/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 42.4%
- Industrial 24.9%
- Commercial 13.9%
- Open space 13.7%
- Civic 1.7%
- Planned_development 1.1%
- Mixed use 0%
Largest Zones share of zoned land by district
Public Open Space
Residential And Agricultural
Rural Residential
Residential Multiple Dwelling Units
Residential And Agricultural
Draper, UT zones 17,546 acres across 54 districts. Commercial zoning covers 13.9% of zoned land, residential 42.4%, open space 13.7% and industrial 24.9%. The largest single district is Public Open Space at 13.7%. For commercial buyers the practical constraint is that only 38.8% of land carries a commercial or industrial designation.
Public Open Space (OS)
The purpose of the OS zone is to recognize on the official zoning map areas which are open and generally undevelopable due to their sensitive environmental nature and the unavailability of adequate public facilities, such as conservation areas and national forest land.
Market overview
Demographics & Economy
Draper, UT has 51,017 residents in 16,865 households. Density runs 1,878 people per square mile. Median household income here is $130,680 and median gross rent $1,812 a month.
51,017
Population
16,865
Households
3
Avg Household Size
34
Median Age
51%
College-Educated
97%
High-School Grad
27.2 sq mi
ZIP Area
1,878
Density / Sq Mi
$130,680
Median Household Income
$55,377
Median Earnings
$1,812
Median Rent
$726,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| South Jordan | — | $23.77 |
| Riverton | — | $25.00 |
| Herriman | — | — |
| Sandy | — | $22.34 |
Commercial property in Draper, UT asks $101/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Draper?
Commercial property in Draper, UT asks an average of $101 per square foot. Multifamily carries the highest asking price at $293/SF.
How much does it cost to lease commercial space in Draper?
Asking lease rates in Draper, UT average $23.39 per square foot per year.
What zoning applies to commercial property in Draper?
Draper, UT zones 17,546 acres across 54 districts, of which 13.9% is commercial and 24.9% industrial. The largest single district is Public Open Space at 13.7% of zoned land. The purpose of the OS zone is to recognize on the official zoning map areas which are open and generally undevelopable due to their sensitive environmental nature and the unavailability of adequate public facilities, such as conservation areas and national forest land. Residential zoning covers 42.4% and open space 13.7%.
Where does Realmo's Draper market data come from?
Realmo compiles Draper, UT figures from 66 active sale listings, 82 active lease listings, 1,069 tracked off-market properties, the current Draper zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 66 active for-sale and 82 active for-lease listings in Draper, UT. 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: 17,546 zoned acres across 54 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
