Commercial Real Estate Market in Syracuse, UT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
52 active listings and 192 off-market properties in Syracuse, UT. Commercial property asks $175/SF to buy and $10.00/SF/Yr to lease.
Market Trends
Syracuse, UT spans 34.9 square miles in Davis County, Utah. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Syracuse, UT runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Syracuse, UT runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Syracuse, 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 vacancy in Syracuse, UT runs 8.6% across the West region in 2025, up from 7% in 2022.
Vacancy Rate % in West region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 67.8%
- Agricultural 23.2%
- Commercial 3.7%
- Industrial 3.3%
- Mixed use 1.7%
Largest Zones share of zoned land by district
Residential
Residential
Agriculture
Residential
Residential Planned Community
Syracuse, UT zones 6,661 acres across 13 districts. Commercial zoning covers 3.7% of zoned land, residential 67.8% and industrial 3.3%. The largest single district is Residential at 26.5%. For commercial buyers the practical constraint is that only 7% of land carries a commercial or industrial designation.
Residential (R-2)
The purpose of thiszoneis to provide for moderate density single family residential development that conforms to the system of services available
Market overview
Demographics & Economy
Syracuse, UT has 32,274 residents in 9,575 households. Density runs 924 people per square mile. Median household income here is $132,459 and median gross rent $2,006 a month.
32,274
Population
9,575
Households
3.4
Avg Household Size
29
Median Age
38%
College-Educated
97%
High-School Grad
34.9 sq mi
ZIP Area
924
Density / Sq Mi
$132,459
Median Household Income
$50,839
Median Earnings
$2,006
Median Rent
$532,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Clearfield | — | — |
| Clinton | — | — |
| Sunset | — | — |
Commercial property in Syracuse, UT asks $175/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Syracuse?
Commercial property in Syracuse, UT asks an average of $175 per square foot.
How much does it cost to lease commercial space in Syracuse?
Asking lease rates in Syracuse, UT average $10.00 per square foot per year.
What zoning applies to commercial property in Syracuse?
Syracuse, UT zones 6,661 acres across 13 districts, of which 3.7% is commercial and 3.3% industrial. The largest single district is Residential at 26.5% of zoned land. The purpose of thiszoneis to provide for moderate density single family residential development that conforms to the system of services available Residential zoning covers 67.8% and open space 0%.
Where does Realmo's Syracuse market data come from?
Realmo compiles Syracuse, UT figures from 24 active sale listings, 28 active lease listings, 192 tracked off-market properties, the current Syracuse zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 24 active for-sale and 28 active for-lease listings in Syracuse, 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: 6,661 zoned acres across 13 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
