Commercial Real Estate Market in Payson, UT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
55 active listings and 461 off-market properties in Payson, UT. Commercial property asks $87/SF to buy and $33.00/SF/Yr to lease.
Market Trends
Payson, UT spans 126.7 square miles in Utah County, Utah. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Payson, UT runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Payson, UT runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Payson, 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 Payson, UT asks $254/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 50.4%
- Agricultural 15.1%
- Commercial 10.2%
- Civic 9.9%
- Industrial 9.3%
Largest Zones share of zoned land by district
Agriculture Holding Zone
Residential
Planned Community Zone
Residential
Residential And Agricultural
Agriculture Holding Zone (A-5-H)
The A-5-H Agriculture Zone is established to provide areas within the City where agricultural pursuits can be encouraged and supported, Uses permitted in the zone, in addition to agriculture, should be incidental thereto and should not change or inhibit the basic agricultural character of the zone
Market overview
Demographics & Economy
Payson, UT has 28,416 residents in 8,956 households. Density runs 224 people per square mile. Median household income here is $94,152 and median gross rent $1,398 a month.
28,416
Population
8,956
Households
3.2
Avg Household Size
29
Median Age
29%
College-Educated
94%
High-School Grad
126.7 sq mi
ZIP Area
224
Density / Sq Mi
$94,152
Median Household Income
$37,170
Median Earnings
$1,398
Median Rent
$423,200
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Payson?
Commercial property in Payson, UT asks an average of $87 per square foot. Multifamily carries the highest asking price at $254/SF.
How much does it cost to lease commercial space in Payson?
Asking lease rates in Payson, UT average $33.00 per square foot per year.
Where does Realmo's Payson market data come from?
Realmo compiles Payson, UT figures from 39 active sale listings, 16 active lease listings, 461 tracked off-market properties, the current Payson zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 39 active for-sale and 16 active for-lease listings in Payson, 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: 8,398 zoned acres across 25 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 · How Realmo checks market page data · Report a data issue
