Commercial Real Estate Market in Parowan, UT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
32 active listings and 200 off-market properties in Parowan, UT. Commercial property asks $2/SF to buy and $699.00/SF/Yr to lease.
Market Trends
Parowan, UT spans 127.1 square miles in Iron County, Utah. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Parowan, UT runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Parowan, UT runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Parowan, 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 Parowan, UT asks $205/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 79.9%
- Commercial 10.7%
- Industrial 9.4%
Largest Zones share of zoned land by district
Residential 1
Agricultural 1
Residential 3
Industrial Manufacturing
Residential 2
Parowan, UT zones 4,431 acres across 9 districts. Commercial zoning covers 10.7% of zoned land, residential 79.9% and industrial 9.4%. The largest single district is Residential 1 at 35%. For commercial buyers the practical constraint is that only 20.1% of land carries a commercial or industrial designation.
Residential 1 (R-1)
To provide areas for medium and low density, single family neighborhoods of spacious and uncrowded character
Market overview
Demographics & Economy
Parowan, UT has 3,210 residents in 1,499 households. Density runs 25 people per square mile. Median household income here is $50,582 and median gross rent $962 a month.
3,210
Population
1,499
Households
2.1
Avg Household Size
42
Median Age
19%
College-Educated
91%
High-School Grad
127.1 sq mi
ZIP Area
25
Density / Sq Mi
$50,582
Median Household Income
$29,025
Median Earnings
$962
Median Rent
$312,600
Median Home Value
Tools
Nearby Markets
Commercial property in Parowan, UT asks $2/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Parowan?
Commercial property in Parowan, UT asks an average of $2 per square foot. Multifamily carries the highest asking price at $205/SF.
How much does it cost to lease commercial space in Parowan?
Asking lease rates in Parowan, UT average $699.00 per square foot per year.
What zoning applies to commercial property in Parowan?
Parowan, UT zones 4,431 acres across 9 districts, of which 10.7% is commercial and 9.4% industrial. The largest single district is Residential 1 at 35% of zoned land. To provide areas for medium and low density, single family neighborhoods of spacious and uncrowded character Residential zoning covers 79.9% and open space 0%.
Where does Realmo's Parowan market data come from?
Realmo compiles Parowan, UT figures from 29 active sale listings, 3 active lease listings, 200 tracked off-market properties, the current Parowan zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 29 active for-sale and 3 active for-lease listings in Parowan, 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: 4,431 zoned acres across 9 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
