Commercial Real Estate Market in North 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 North Salt Lake, UT. Commercial property asks $202/SF to buy and $13.09/SF/Yr to lease.
Market Trends
North 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 North 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 North 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 North 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 North 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
North 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 |
|---|---|---|
| Bountiful | — | — |
| Centerville | — | — |
Commercial property in North Salt Lake, UT asks $202/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in North Salt Lake?
Commercial property in North Salt Lake, UT asks an average of $202 per square foot.
How much does it cost to lease commercial space in North Salt Lake?
Asking lease rates in North Salt Lake, UT average $13.09 per square foot per year.
Where does Realmo's North Salt Lake market data come from?
Realmo compiles North Salt Lake, UT figures from 34 active sale listings, 27 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 34 active for-sale and 27 active for-lease listings in North 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
