Commercial Real Estate Market in Leeds, UT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
9 active listings and 41 off-market properties in Leeds, UT.
Market Trends
Leeds, UT spans 19.2 square miles in Washington County, Utah. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Leeds, UT runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail space in Leeds, UT asks $150/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 Leeds, 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 Leeds, UT asks $275/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 54%
- Open space 37.5%
- Commercial 1.8%
- Mixed use 0.2%
Largest Zones share of zoned land by district
Open Space
Rural Residential
Residential
Residential
Residential
Leeds, UT zones 3,937 acres across 15 districts. Commercial zoning covers 1.8% of zoned land, residential 54% and open space 37.5%. The largest single district is Open Space at 37.5%. For commercial buyers the practical constraint is that only 1.8% of land carries a commercial or industrial designation.
Open Space (OS)
Open Space OS 12.1.14. In accordance with the desires of the majority of the Leeds residents and of the Town Officials there is no Industrial Zone within the Town of Leeds. This decision was based on inputs from members of the Town who wanted Leeds to remain a residential community with commercial enterprises that would provide jobs for some of the residents…
Market overview
Demographics & Economy
Leeds, UT has 1,162 residents in 559 households. Density runs 60 people per square mile. Median household income here is $79,864 and median gross rent $1,600 a month.
1,162
Population
559
Households
2.1
Avg Household Size
54
Median Age
22%
College-Educated
96%
High-School Grad
19.2 sq mi
ZIP Area
60
Density / Sq Mi
$79,864
Median Household Income
$46,270
Median Earnings
$1,600
Median Rent
$401,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Toquerville | — | — |
| Hurricane | — | $23.50 |
| Virgin | — | — |
Commercial property in Leeds, UT asks $1/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Leeds?
Commercial property in Leeds, UT asks an average of $1 per square foot. Multifamily carries the highest asking price at $275/SF.
What zoning applies to commercial property in Leeds?
Leeds, UT zones 3,937 acres across 15 districts, of which 1.8% is commercial and 0% industrial. The largest single district is Open Space at 37.5% of zoned land. Open Space OS 12.1.14. In accordance with the desires of the majority of the Leeds residents and of the Town Officials there is no Industrial Zone within the Town of Leeds. This decision was based on inputs from members of the Town who wanted Leeds to remain a residential community with commercial enterprises that would provide jobs for some of the residents… Residential zoning covers 54% and open space 37.5%.
Where does Realmo's Leeds market data come from?
Realmo compiles Leeds, UT figures from 8 active sale listings, 1 active lease listings, 41 tracked off-market properties, the current Leeds zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 8 active for-sale and 1 active for-lease listings in Leeds, 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: 3,937 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
