Commercial Real Estate Market in West Valley, UT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
869 active listings and 13,719 off-market properties in West Valley, UT. Commercial property asks $235/SF to buy and $22.99/SF/Yr to lease.
Market Trends
West Valley, UT spans 45.5 square miles in Salt Lake County, Utah. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in West Valley, UT asks $21.92/SF/Yr to lease. Vacancy runs 20.8% across the West region in 2025, up from 11% in 2019.
Average Lease Price $/SF/Yr
Listings
Vacancy Rate % in West region
Retail
Retail vacancy in West Valley, UT runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in West Valley, 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 West Valley, 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
West Valley, UT has 188,187 residents in 54,786 households. Density runs 4,139 people per square mile. Median household income here is $93,437 and median gross rent $1,593 a month.
188,187
Population
54,786
Households
3.4
Avg Household Size
31
Median Age
20%
College-Educated
84%
High-School Grad
45.5 sq mi
ZIP Area
4,139
Density / Sq Mi
$93,437
Median Household Income
$41,757
Median Earnings
$1,593
Median Rent
$399,879
Median Home Value
Tools
Lease vs Buy Breakeven
At $22.99/SF/Yr lease vs $235/SF buy → buying wins if held > 1.4 years.
At a 9.8% 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 |
|---|---|---|
| West Valley City | — | $16.36 |
| Kearns | — | — |
| Millcreek | — | — |
| Murray | — | $19.18 |
Commercial property in West Valley, UT asks $235/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in West Valley?
Commercial property in West Valley, UT asks an average of $235 per square foot. Multifamily carries the highest asking price at $293/SF.
How much does it cost to lease commercial space in West Valley?
Asking lease rates in West Valley, UT average $22.99 per square foot per year. Office asks $21.92/SF/Yr as of Q2 26, little changed from $22.06/SF/Yr in Q1 26.
Is it cheaper to lease or buy commercial space in West Valley?
Buying beats leasing in West Valley, UT if the property is held longer than 1.4 years, comparing $22.99/SF/Yr asking rent with $235/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 West Valley market data come from?
Realmo compiles West Valley, UT figures from 373 active sale listings, 496 active lease listings, 13,719 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 373 active for-sale and 496 active for-lease listings in West Valley, 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 · How Realmo checks market page data · Report a data issue
