Commercial Real Estate Market in N Salt Lake, UT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
61 active listings and 610 off-market properties in N Salt Lake, UT. Commercial property asks $193/SF to buy and $12.48/SF/Yr to lease.
Market Trends
N Salt Lake, UT spans 46.6 square miles in Davis County, Utah. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in N Salt Lake, UT runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in N Salt Lake, UT runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in N Salt Lake, 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 vacancy in N Salt Lake, UT runs 8.6% across the West region in 2025, up from 7% in 2022.
Vacancy Rate % in West region
Market overview
Demographics & Economy
N Salt Lake, UT has 69,991 residents in 23,761 households. Density runs 1,502 people per square mile. Median household income here is $103,840 and median gross rent $1,517 a month.
69,991
Population
23,761
Households
2.9
Avg Household Size
33
Median Age
45%
College-Educated
97%
High-School Grad
46.6 sq mi
ZIP Area
1,502
Density / Sq Mi
$103,840
Median Household Income
$46,888
Median Earnings
$1,517
Median Rent
$481,781
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| North Salt Lake | — | $12.48 |
| Bountiful | — | — |
Commercial property in N Salt Lake, UT asks $193/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in N Salt Lake?
Commercial property in N Salt Lake, UT asks an average of $193 per square foot.
How much does it cost to lease commercial space in N Salt Lake?
Asking lease rates in N Salt Lake, UT average $12.48 per square foot per year.
Where does Realmo's N Salt Lake market data come from?
Realmo compiles N Salt Lake, UT figures from 32 active sale listings, 29 active lease listings, 610 tracked off-market properties. 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 29 active for-lease listings in N Salt Lake, 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.
- 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 · How Realmo checks market page data · Report a data issue
