Commercial Real Estate Market in Cheyenne, WY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
437 active listings and 3,292 off-market properties in Cheyenne, WY. Commercial property asks $290/SF to buy and $39.06/SF/Yr to lease.
Market Trends
Cheyenne, WY spans 1,529.3 square miles in Laramie County, Wyoming. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Cheyenne, WY asks $239/SF to buy. Vacancy runs 20.8% across the West region in 2025, up from 11% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Retail
Retail space in Cheyenne, WY asks $279/SF to buy. Vacancy runs 5.8% across the West region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Industrial
Industrial vacancy in Cheyenne, 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 space in Cheyenne, WY asks $204/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
- Residential 28.7%
- Mixed use 16.9%
- Planned_development 13.6%
- Industrial 13.1%
- Open space 8.7%
- Agricultural 8.3%
- Civic 6.9%
- Special 3.5%
Largest Zones share of zoned land by district
Medium Density Residential
Planned Unit Development
Light Industrial
Public
City Agricultural
Market overview
Demographics & Economy
Cheyenne, WY has 95,016 residents in 42,887 households. Density runs 62 people per square mile. Median household income here is $80,745 and median gross rent $1,085 a month.
95,016
Population
42,887
Households
2.2
Avg Household Size
38
Median Age
32%
College-Educated
94%
High-School Grad
1529.3 sq mi
ZIP Area
62
Density / Sq Mi
$80,745
Median Household Income
$47,529
Median Earnings
$1,085
Median Rent
$321,686
Median Home Value
Tools
Nearby Markets
Commercial property in Cheyenne, WY asks $290/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Cheyenne?
Commercial property in Cheyenne, WY asks an average of $290 per square foot. Retail carries the highest asking price at $279/SF.
How much does it cost to lease commercial space in Cheyenne?
Asking lease rates in Cheyenne, WY average $39.06 per square foot per year.
Where does Realmo's Cheyenne market data come from?
Realmo compiles Cheyenne, WY figures from 406 active sale listings, 31 active lease listings, 3,292 tracked off-market properties, the current Cheyenne zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 406 active for-sale and 31 active for-lease listings in Cheyenne, 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: 25,644 zoned acres across 24 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 31 August 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 31 August 2026 · report a data issue
