Commercial Real Estate Market in Sheridan, WY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
167 active listings and 1,294 off-market properties in Sheridan, WY. Commercial property asks $19/SF to buy and $19.12/SF/Yr to lease.
Market Trends
Sheridan, WY spans 526.7 square miles in Sheridan County, Wyoming. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Sheridan, WY runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Sheridan, WY runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Sheridan, 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 Sheridan, 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 58.2%
- Commercial 14.4%
- Industrial 11.2%
- Mixed use 7.7%
- Planned_development 5.3%
- Civic 2.8%
Largest Zones share of zoned land by district
Residence District
Industrial District
Business District
Residence District
Residence District
Sheridan, WY zones 7,814 acres across 11 districts. Commercial zoning covers 14.4% of zoned land, residential 58.2% and industrial 11.2%. The largest single district is Residence District at 40.8%. For commercial buyers the practical constraint is that only 25.6% of land carries a commercial or industrial designation.
Residence District (R-1)
A special exemption is a certain use as listed in R-1 or R-2 Residence District. A special exemption must be authorized by the Board of Adjustment. Select Select Special Exemption Temporary and conditional permit Grant in undeveloped sections of the city temporary and conditional permits for not more than 2 years for any building or use. Board of Adjustment…
Market overview
Demographics & Economy
Sheridan, WY has 25,685 residents in 11,968 households. Density runs 49 people per square mile. Median household income here is $70,315 and median gross rent $942 a month.
25,685
Population
11,968
Households
2.1
Avg Household Size
42
Median Age
34%
College-Educated
96%
High-School Grad
526.7 sq mi
ZIP Area
49
Density / Sq Mi
$70,315
Median Household Income
$42,147
Median Earnings
$942
Median Rent
$339,500
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Sheridan?
Commercial property in Sheridan, WY asks an average of $19 per square foot.
How much does it cost to lease commercial space in Sheridan?
Asking lease rates in Sheridan, WY average $19.12 per square foot per year.
What zoning applies to commercial property in Sheridan?
Sheridan, WY zones 7,814 acres across 11 districts, of which 14.4% is commercial and 11.2% industrial. The largest single district is Residence District at 40.8% of zoned land. A special exemption is a certain use as listed in R-1 or R-2 Residence District. A special exemption must be authorized by the Board of Adjustment. Select Select Special Exemption Temporary and conditional permit Grant in undeveloped sections of the city temporary and conditional permits for not more than 2 years for any building or use. Board of Adjustment… Residential zoning covers 58.2% and open space 0%.
Where does Realmo's Sheridan market data come from?
Realmo compiles Sheridan, WY figures from 159 active sale listings, 8 active lease listings, 1,294 tracked off-market properties, the current Sheridan zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 159 active for-sale and 8 active for-lease listings in Sheridan, 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: 7,814 zoned acres across 11 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
