Commercial Real Estate Market in Cheyenne, WY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
162 active listings and 3,292 off-market properties in Cheyenne, WY. Commercial property asks $183/SF to buy and $18.00/SF/Yr to lease (based on 3 listings).
Market Trends
Cheyenne, WY spans 1,529.3 square miles in Laramie County, Wyoming. Figures below refresh monthly; last updated 31 October 2026.
Office
Office space in Cheyenne, WY has a median asking sale price of $221/SF. Vacancy runs 20.8% across the West region in 2025, up from 11% in 2019.
Typical asking range for active listings in Cheyenne, WY (the middle half): Sale $133–$314/SF (median $221/SF, 13 listings).
Retail
Retail space in Cheyenne, WY has a median asking sale price of $197/SF (based on 6 listings). Vacancy runs 5.8% across the West region in 2025, down from 7% in 2020.
Industrial
Industrial space in Cheyenne, WY has a median asking sale price of $134/SF (based on 9 listings). Vacancy runs 7.9% across the West region in 2025, up from 3.7% in 2019. Nearly 3.2x the 2022 low of 2.5%.
Typical asking range for active listings in Cheyenne, WY (the middle half): Sale $105–$176/SF (median $134/SF, 9 listings).
Multifamily
Multifamily space in Cheyenne, WY has a median asking sale price of $171/SF. Vacancy runs 8.6% across the West region in 2025, up from 7% in 2022.
Typical asking range for active listings in Cheyenne, WY (the middle half): Sale $146–$210/SF (median $171/SF, 25 listings).
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
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.
Tools
Frequently Asked Questions
What is the median price per square foot for commercial property in Cheyenne?
How much does it cost to lease commercial space in Cheyenne?
Where does Realmo's Cheyenne market data come from?
Methodology & data sources
- Asking prices and medians
- There are 138 active for-sale and 24 active for-lease listings in Cheyenne, WY. The medians are based on 63 of the for-sale and 3 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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 October 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 October 2026 · How Realmo checks market page data · Report a data issue
