Commercial Real Estate Market in South Salt Lake, UT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
37 active listings and 1,823 off-market properties in South Salt Lake, UT. Commercial property asks $679/SF to buy and $15.28/SF/Yr to lease.
Market Trends
South Salt Lake, UT spans 23.6 square miles in Salt Lake County, Utah. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in South Salt Lake, UT runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in South Salt Lake, UT runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in South Salt Lake, 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 South Salt Lake, 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
Market overview
Demographics & Economy
South Salt Lake, UT has 117,623 residents in 47,492 households. Density runs 4,979 people per square mile. Median household income here is $73,911 and median gross rent $1,430 a month.
117,623
Population
47,492
Households
2.5
Avg Household Size
33
Median Age
33%
College-Educated
86%
High-School Grad
23.6 sq mi
ZIP Area
4,979
Density / Sq Mi
$73,911
Median Household Income
$43,889
Median Earnings
$1,430
Median Rent
$411,713
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Salt Lake City | — | $23.17 |
| Millcreek | — | — |
| Murray | — | $19.61 |
| Holladay | — | — |
Commercial property in South Salt Lake, UT asks $679/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in South Salt Lake?
Commercial property in South Salt Lake, UT asks an average of $679 per square foot. Multifamily carries the highest asking price at $293/SF.
How much does it cost to lease commercial space in South Salt Lake?
Asking lease rates in South Salt Lake, UT average $15.28 per square foot per year.
Where does Realmo's South Salt Lake market data come from?
Realmo compiles South Salt Lake, UT figures from 22 active sale listings, 15 active lease listings, 1,823 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 22 active for-sale and 15 active for-lease listings in South Salt Lake, 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 · report a data issue
