Murray, UT
Commercial Real Estate Market Trends & Data

$290 Avg asking sale price
$743 Avg asking lease rate
15,539 SF Avg unit lease size
26,941 SF Avg building size for sale
6.28% Average cap rate

Murray's Demographic Profile

Murray has 19,835 households and a median income of $72,582, providing context for rent absorption and tenant demand across retail and multifamily assets. A +1% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 49,315
# Households 19,835
Median age 39
Median household income $72,582
Avg household size 2.0
Renter-occupied housing units 7,742
5-year population change +1%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Murray, UT

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Murray $263 26,589 SF 5.40%
Millcreek $292 17,160 SF 6.44%
Midvale $251 18,049 SF 9.63%
Taylorsville $225 26,619 SF 6.78%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Murray $340 20,884 SF 6.00%
Millcreek $235 15,283 SF 7.46%
Midvale $270 21,963 SF 9.63%
South Salt Lake $237 13,012 SF 7.46%
Salt Lake City $257 18,141 SF 7.46%
Nearby Retail Markets Avg Cost/SF Typical Size
Murray $386 4,629 SF
Millcreek $423 6,375 SF
Midvale $293 10,362 SF
Holladay $464 7,342 SF
Taylorsville $182 307,436 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Murray $281 42,661 SF 5.98%
Millcreek $368 24,512 SF 6.41%
Taylorsville $436 69,507 SF 5.98%
South Salt Lake $354 21,869 SF 6.41%

Commercial Properties For Sale in Murray

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Redwood Road Portfolio

  • $6,850,000
For Sale

177 E Fort Union Blvd

Midvale, UT 84047

  • 3,010 SF Office Building
  • $879,000
For Sale

Spring Terrace

Salt Lake City, UT 84117

  • 70,965 SF Office Building
  • $275,000
For Sale

894 E 3900 S

Salt Lake City, UT 84107

  • 10,289 SF Retail Building
  • $2,750,000
For Sale

6796 S 1300 E, Unit L, Bldg 5

Salt Lake City, UT 84121

  • 5,760 SF Office Building
  • $429,900
For Sale

2194 E Fort Union Blvd

Salt Lake City, UT 84121

  • 2,100 SF Retail Building
  • $958,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Murray pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Murray $290 26,941 SF
Millcreek $327 15,310 SF
Midvale $288 17,497 SF
Holladay $391 5,286 SF
Taylorsville $317 58,238 SF

Regional Demographic Comparison

This comparison places Murray alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Murray or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Murray 49,315 19,835 39 $72,582 2 7,742 1%
Millcreek 34,377 14,724 37 $61,011 2 8,375 1%
Midvale 35,711 14,254 34 $65,995 2 8,488 1%
Taylorsville 67,385 22,430 37 $76,363 3 7,013 3%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Murray, UT and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Murray

View All Commercial Real Estate For Sale in Murray
Is Murray a good market for a first-time commercial real estate investor?

Murray offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Murray?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Murray. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Murray?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Murray. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Murray compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Murray. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Murray acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Murray, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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