Commercial Real Estate Market in Herriman, UT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
59 active listings and 637 off-market properties in Herriman, UT.
Market Trends
Herriman, UT spans 91.7 square miles in Salt Lake County, Utah. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Herriman, UT runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Herriman, UT runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Herriman, 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 Herriman, 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 82.3%
- Mixed use 4.8%
- Commercial 4%
- Industrial 2.1%
- Open space 0.5%
Largest Zones share of zoned land by district
Forestry Recreation
Multifamily Residential
Single Family Residential
Single Family Agricultural
Agricultural
Herriman, UT zones 14,791 acres across 22 districts. Commercial zoning covers 4% of zoned land, residential 82.3%, open space 0.5% and industrial 2.1%. The largest single district is Forestry Recreation at 17.6%. For commercial buyers the practical constraint is that only 6.1% of land carries a commercial or industrial designation.
Forestry Recreation (FR-2.5)
Allow sensitive and creative development that permits continued enjoyment and protection of such natural areas vital to the attractiveness and economic viability of the city, Support low density, single family residential for year round and seasonal occupancy
Market overview
Demographics & Economy
Herriman, UT has 118,381 residents in 36,902 households. Density runs 1,291 people per square mile. Median household income here is $119,886 and median gross rent $1,844 a month.
118,381
Population
36,902
Households
3.2
Avg Household Size
28
Median Age
39%
College-Educated
94%
High-School Grad
91.7 sq mi
ZIP Area
1,291
Density / Sq Mi
$119,886
Median Household Income
$53,537
Median Earnings
$1,844
Median Rent
$563,194
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| South Jordan | — | $23.57 |
| Riverton | — | $25.00 |
| Bluffdale | — | — |
| Draper | — | $23.39 |
Commercial property in Herriman, UT asks $123/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Herriman?
Commercial property in Herriman, UT asks an average of $123 per square foot. Multifamily carries the highest asking price at $293/SF.
What zoning applies to commercial property in Herriman?
Herriman, UT zones 14,791 acres across 22 districts, of which 4% is commercial and 2.1% industrial. The largest single district is Forestry Recreation at 17.6% of zoned land. Allow sensitive and creative development that permits continued enjoyment and protection of such natural areas vital to the attractiveness and economic viability of the city, Support low density, single family residential for year round and seasonal occupancy Residential zoning covers 82.3% and open space 0.5%.
Where does Realmo's Herriman market data come from?
Realmo compiles Herriman, UT figures from 54 active sale listings, 5 active lease listings, 637 tracked off-market properties, the current Herriman zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 54 active for-sale and 5 active for-lease listings in Herriman, 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: 14,791 zoned acres across 22 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
