Commercial Real Estate Market in Park City, UT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
345 active listings and 723 off-market properties in Park City, UT. Commercial property asks $147/SF to buy and $41.72/SF/Yr to lease.
Market Trends
Park City, UT spans 115.6 square miles in Summit County, Utah. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Park City, UT asks $719/SF to buy. Vacancy runs 20.8% across the West region in 2025, up from 11% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Retail
Retail vacancy in Park City, UT runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Park City, 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 Park City, UT runs 8.6% across the West region in 2025, up from 7% in 2022.
Vacancy Rate % in West region
Market overview
Demographics & Economy
Park City, UT has 29,194 residents in 19,014 households. Density runs 252 people per square mile. Median household income here is $159,711 and median gross rent $2,484 a month.
29,194
Population
19,014
Households
1.5
Avg Household Size
42
Median Age
69%
College-Educated
97%
High-School Grad
115.6 sq mi
ZIP Area
252
Density / Sq Mi
$159,711
Median Household Income
$57,910
Median Earnings
$2,484
Median Rent
$1,305,334
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Park City?
Commercial property in Park City, UT asks an average of $147 per square foot. Office carries the highest asking price at $719/SF.
How much does it cost to lease commercial space in Park City?
Asking lease rates in Park City, UT average $41.72 per square foot per year.
Where does Realmo's Park City market data come from?
Realmo compiles Park City, UT figures from 292 active sale listings, 53 active lease listings, 723 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 292 active for-sale and 53 active for-lease listings in Park City, 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
