Commercial Real Estate Market in Midvale, UT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
67 active listings and 953 off-market properties in Midvale, UT. Commercial property asks $301/SF to buy and $21.67/SF/Yr to lease.
Market Trends
Midvale, UT spans 13.7 square miles in Salt Lake County, Utah. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Midvale, UT runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Midvale, UT runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Midvale, 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 Midvale, 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
- Commercial 68.5%
- Mixed use 17.9%
- Industrial 8.8%
- Residential 1.2%
Largest Zones share of zoned land by district
Single Family Residential Zone 1
Single Family Residential Zone 1 Duplex Overlay
Regional Commercial Zone
Clean Industrial Zone
Single Family Residential Zone 2
Midvale, UT zones 3,614 acres across 21 districts. Commercial zoning covers 68.5% of zoned land, residential 1.2% and industrial 8.8%. The largest single district is Single Family Residential Zone 1 at 22.2%. For commercial buyers the practical constraint is that only 77.3% of land carries a commercial or industrial designation.
Single Family Residential Zone 1 (SF-1)
Is architecturally compatible with the SF-1 zone including a maximum height of twenty-eight feet for a pitched roof and twenty-five feet for a flat roof. No more than three materials shall be used for the primary wall surfaces on a building. Exterior finish shall be of traditional, time- and weather-tested techniques and shall not include architectural metal…
Market overview
Demographics & Economy
Midvale, UT has 68,031 residents in 29,433 households. Density runs 4,958 people per square mile. Median household income here is $75,977 and median gross rent $1,526 a month.
68,031
Population
29,433
Households
2.3
Avg Household Size
33
Median Age
35%
College-Educated
93%
High-School Grad
13.7 sq mi
ZIP Area
4,958
Density / Sq Mi
$75,977
Median Household Income
$43,921
Median Earnings
$1,526
Median Rent
$415,640
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Cottonwood Heights | — | $20.61 |
| Murray | — | $19.61 |
| Sandy | — | $22.34 |
| Taylorsville | — | $21.75 |
Commercial property in Midvale, UT asks $301/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Midvale?
Commercial property in Midvale, UT asks an average of $301 per square foot. Multifamily carries the highest asking price at $293/SF.
How much does it cost to lease commercial space in Midvale?
Asking lease rates in Midvale, UT average $21.67 per square foot per year.
What zoning applies to commercial property in Midvale?
Midvale, UT zones 3,614 acres across 21 districts, of which 68.5% is commercial and 8.8% industrial. The largest single district is Single Family Residential Zone 1 at 22.2% of zoned land. Is architecturally compatible with the SF-1 zone including a maximum height of twenty-eight feet for a pitched roof and twenty-five feet for a flat roof. No more than three materials shall be used for the primary wall surfaces on a building. Exterior finish shall be of traditional, time- and weather-tested techniques and shall not include architectural metal… Residential zoning covers 1.2% and open space 0%.
Where does Realmo's Midvale market data come from?
Realmo compiles Midvale, UT figures from 28 active sale listings, 39 active lease listings, 953 tracked off-market properties, the current Midvale zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 28 active for-sale and 39 active for-lease listings in Midvale, 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: 3,614 zoned acres across 21 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
