Commercial Real Estate Market in Murray, UT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
60 active listings and 181 off-market properties in Murray, UT. Commercial property asks $201/SF to buy and $19.61/SF/Yr to lease.
Market Trends
Murray, UT spans 85.9 square miles in Salt Lake County, Utah. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Murray, UT runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Murray, UT runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Murray, 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 Murray, 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 62.5%
- Mixed use 14.4%
- Industrial 12.5%
- Open space 7.6%
- Commercial 0.5%
- Civic 0.5%
Largest Zones share of zoned land by district
Residential Single Family Low Density
Commercial Development
Manufacturing General
Open Space
Residential Single Family Low Density
Murray, UT zones 6,174 acres across 23 districts. Commercial zoning covers 0.5% of zoned land, residential 62.5%, open space 7.6% and industrial 12.5%. The largest single district is Residential Single Family Low Density at 36.8%. For commercial buyers the practical constraint is that only 13% of land carries a commercial or industrial designation.
Residential Single Family Low Density (R-1-8)
The Single-Family Low Density Residential Zone is established to provide areas for the encouragement and promotion of an environment for family life by providing for the establishment of one-family detached dwellings on individual lots
Market overview
Demographics & Economy
Murray, UT has 144,505 residents in 59,988 households. Density runs 1,683 people per square mile. Median household income here is $89,698 and median gross rent $1,548 a month.
144,505
Population
59,988
Households
2.4
Avg Household Size
37
Median Age
42%
College-Educated
94%
High-School Grad
85.9 sq mi
ZIP Area
1,683
Density / Sq Mi
$89,698
Median Household Income
$48,408
Median Earnings
$1,548
Median Rent
$510,756
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Millcreek | — | — |
| Holladay | — | — |
| Midvale | — | $21.67 |
| Cottonwood Heights | — | $20.61 |
Commercial property in Murray, UT asks $201/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Murray?
Commercial property in Murray, UT asks an average of $201 per square foot. Multifamily carries the highest asking price at $293/SF.
How much does it cost to lease commercial space in Murray?
Asking lease rates in Murray, UT average $19.61 per square foot per year.
What zoning applies to commercial property in Murray?
Murray, UT zones 6,174 acres across 23 districts, of which 0.5% is commercial and 12.5% industrial. The largest single district is Residential Single Family Low Density at 36.8% of zoned land. The Single-Family Low Density Residential Zone is established to provide areas for the encouragement and promotion of an environment for family life by providing for the establishment of one-family detached dwellings on individual lots Residential zoning covers 62.5% and open space 7.6%.
Where does Realmo's Murray market data come from?
Realmo compiles Murray, UT figures from 32 active sale listings, 28 active lease listings, 181 tracked off-market properties, the current Murray zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 32 active for-sale and 28 active for-lease listings in Murray, 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: 6,174 zoned acres across 23 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
