Commercial Real Estate Market in Salem, UT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
52 active listings and 115 off-market properties in Salem, UT. Commercial property asks $2,349/SF to buy and $20.00/SF/Yr to lease.
Market Trends
Salem, UT spans 16.1 square miles in Utah County, Utah. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Salem, UT runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Salem, UT runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Salem, 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 Salem, 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 70.1%
- Agricultural 16.4%
- Civic 5.2%
- Industrial 4.6%
- Commercial 3.6%
- Mixed use 0.2%
Largest Zones share of zoned land by district
Master Planned Zone
Single Family Residential
Agricultural
Single Family Residential
Single Family Residential
Salem, UT zones 7,746 acres across 15 districts. Commercial zoning covers 3.6% of zoned land, residential 70.1% and industrial 4.6%. The largest single district is Master Planned Zone at 28.7%. For commercial buyers the practical constraint is that only 8.1% of land carries a commercial or industrial designation.
Master Planned Zone (M-P-D)
This district is to allow for the development of large tracts of property with densities higher than the base density allowed in the standard residential zones
Market overview
Demographics & Economy
Salem, UT has 11,103 residents in 3,235 households. Density runs 692 people per square mile. Median household income here is $111,420 and median gross rent $1,581 a month.
11,103
Population
3,235
Households
3.4
Avg Household Size
30
Median Age
41%
College-Educated
98%
High-School Grad
16.1 sq mi
ZIP Area
692
Density / Sq Mi
$111,420
Median Household Income
$48,182
Median Earnings
$1,581
Median Rent
$569,300
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Salem?
Commercial property in Salem, UT asks an average of $2,349 per square foot. Multifamily carries the highest asking price at $254/SF.
How much does it cost to lease commercial space in Salem?
Asking lease rates in Salem, UT average $20.00 per square foot per year.
What zoning applies to commercial property in Salem?
Salem, UT zones 7,746 acres across 15 districts, of which 3.6% is commercial and 4.6% industrial. The largest single district is Master Planned Zone at 28.7% of zoned land. This district is to allow for the development of large tracts of property with densities higher than the base density allowed in the standard residential zones Residential zoning covers 70.1% and open space 0%.
Where does Realmo's Salem market data come from?
Realmo compiles Salem, UT figures from 51 active sale listings, 1 active lease listings, 115 tracked off-market properties, the current Salem zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 51 active for-sale and 1 active for-lease listings in Salem, 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: 7,746 zoned acres across 15 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
