Commercial Real Estate Market in Casper, WY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
82 active listings and 3,600 off-market properties in Casper, WY.
Market Trends
Casper, WY spans 1,899.3 square miles in Natrona County, Wyoming. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Casper, WY runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Casper, WY runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Casper, WY 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 Casper, WY 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 36.9%
- Industrial 19%
- Open space 18.2%
- Planned_development 10.4%
- Commercial 9.9%
- Civic 4.9%
Largest Zones share of zoned land by district
Park Historic
One Unit Residential
General Industrial
Planned Unit Development
Residential Estate
Casper, WY zones 14,273 acres across 19 districts. Commercial zoning covers 9.9% of zoned land, residential 36.9%, open space 18.2% and industrial 19%. The largest single district is Park Historic at 18.2%. For commercial buyers the practical constraint is that only 28.9% of land carries a commercial or industrial designation.
Park Historic (PH)
PH, Park historic HM, Hospital-medical C-1, Limited business C-2, General business C-3, Central business C-4, Highway business M-1, Limited industrial M-2, General industrial HO, Historic overlay SMO, Soil management overly OYDSPC, Old Yellowstone District and South Poplar Street Corridor Form-Based Code B. The location and boundaries of the zoning districts…
Market overview
Demographics & Economy
Casper, WY has 72,654 residents in 33,794 households. Density runs 38 people per square mile. Median household income here is $71,761 and median gross rent $990 a month.
72,654
Population
33,794
Households
2.1
Avg Household Size
38
Median Age
29%
College-Educated
94%
High-School Grad
1899.3 sq mi
ZIP Area
38
Density / Sq Mi
$71,761
Median Household Income
$41,760
Median Earnings
$990
Median Rent
$263,434
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Casper?
Commercial property in Casper, WY asks an average of $179 per square foot.
What zoning applies to commercial property in Casper?
Casper, WY zones 14,273 acres across 19 districts, of which 9.9% is commercial and 19% industrial. The largest single district is Park Historic at 18.2% of zoned land. PH, Park historic HM, Hospital-medical C-1, Limited business C-2, General business C-3, Central business C-4, Highway business M-1, Limited industrial M-2, General industrial HO, Historic overlay SMO, Soil management overly OYDSPC, Old Yellowstone District and South Poplar Street Corridor Form-Based Code B. The location and boundaries of the zoning districts… Residential zoning covers 36.9% and open space 18.2%.
Where does Realmo's Casper market data come from?
Realmo compiles Casper, WY figures from 80 active sale listings, 2 active lease listings, 3,600 tracked off-market properties, the current Casper zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 80 active for-sale and 2 active for-lease listings in Casper, WY. 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: 14,273 zoned acres across 19 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
