Commercial Real Estate Market in Sandy, UT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
129 active listings and 3,733 off-market properties in Sandy, UT. Commercial property asks $245/SF to buy and $22.34/SF/Yr to lease.
Market Trends
Sandy, UT spans 72.2 square miles in Salt Lake County, Utah. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Sandy, UT runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Sandy, UT runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Sandy, 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 Sandy, UT asks $293/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
- Civic 57.4%
- Planned_development 11%
- Industrial 10.6%
- Commercial 5.8%
- Mixed use 5.1%
- Residential 4.4%
- Open space 4%
Largest Zones share of zoned land by district
Single Family Residential 8000 Square Foot Lot Minimum
Single Family Residential 10000 Square Foot Lot Minimum
Open Space
Planned Unit Development 1.62 Units Per Acre
Special Development And Open Space
Single Family Residential 8000 Square Foot Lot Minimum (R-1-8)
The residential districts are designed to create neighborhoods ranging in densities from very low to moderately high. The zoning districts provide for a range of residential habitation, including rural agricultural, single family, multifamily, manufactured home, and combinations thereof. It also provides home occupations, schools, parks, and public services…
Market overview
Demographics & Economy
Sandy, UT has 112,737 residents in 39,874 households. Density runs 1,561 people per square mile. Median household income here is $115,843 and median gross rent $1,903 a month.
112,737
Population
39,874
Households
2.8
Avg Household Size
37
Median Age
45%
College-Educated
96%
High-School Grad
72.2 sq mi
ZIP Area
1,561
Density / Sq Mi
$115,843
Median Household Income
$53,140
Median Earnings
$1,903
Median Rent
$558,315
Median Home Value
Tools
Lease vs Buy Breakeven
At $22.34/SF/Yr lease vs $245/SF buy → buying wins if held > 1.7 years.
At a 9.1% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Midvale | — | $21.67 |
| Cottonwood Heights | — | $20.61 |
| Draper | — | $23.39 |
| Holladay | — | — |
Commercial property in Sandy, UT asks $245/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Sandy?
Commercial property in Sandy, UT asks an average of $245 per square foot. Multifamily carries the highest asking price at $293/SF.
How much does it cost to lease commercial space in Sandy?
Asking lease rates in Sandy, UT average $22.34 per square foot per year.
Is it cheaper to lease or buy commercial space in Sandy?
Buying beats leasing in Sandy, UT if the property is held longer than 1.7 years, comparing $22.34/SF/Yr asking rent with $245/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
Where does Realmo's Sandy market data come from?
Realmo compiles Sandy, UT figures from 73 active sale listings, 56 active lease listings, 3,733 tracked off-market properties, the current Sandy zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 73 active for-sale and 56 active for-lease listings in Sandy, 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: 15,570 zoned acres across 111 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
