Commercial Real Estate Market in Magna, UT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
11 active listings and 534 off-market properties in Magna, UT.
Market Trends
Magna, UT spans 73.3 square miles in Salt Lake County, Utah. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Magna, UT runs 20.8% across the West region in 2025, up from 11% in 2019.
Retail
Retail vacancy in Magna, UT runs 5.8% across the West region in 2025, down from 7% in 2020.
Industrial
Industrial vacancy in Magna, 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%.
Multifamily
Across Salt Lake County, multifamily space asks $285/SF to buy. Multifamily vacancy in Magna, UT runs 8.6% across the West region in 2025, up from 7% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Agricultural 64.8%
- Commercial 16.5%
- Residential 7.5%
- Industrial 5.5%
- Open space 3.2%
- Mixed use 0%
Largest Zones share of zoned land by district
Promotes and preserves conditions favorable to larger agricultural uses with some agricultural buildings or other uses related to agricultural product processing
Market overview
Demographics & Economy
Magna, UT has 29,284 residents in 9,057 households. Density runs 400 people per square mile. Median household income here is $87,516 and median gross rent $1,623 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| West Valley City | $240 | $17.95 |
| Murray | $277 | $19.75 |
| Millcreek | $345 | — |
Commercial property in Magna, UT asks $222/SF. The 3 bordering markets run from $240/SF in West Valley City to $345/SF in Millcreek, and the city sits below their $277/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Magna?
How does Magna compare to nearby markets on price?
Where does Realmo's Magna market data come from?
Methodology & data sources
- Asking prices and medians
- There are 9 active for-sale and 2 active for-lease listings in Magna, UT. The sale median is based on 8 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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: 23,255 zoned acres across 40 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 31 October 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 31 October 2026 · How Realmo checks market page data · Report a data issue
