Salt Lake City, UT
Commercial Real Estate Market Trends & Data

$322 Avg asking sale price
$909 Avg asking lease rate
24,248 SF Avg unit lease size
22,689 SF Avg building size for sale
5.93% Average cap rate

Salt Lake City's Demographic Profile

Salt Lake City has 88,644 households and a median income of $66,116, providing context for rent absorption and tenant demand across retail and multifamily assets. A +2% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 204,933
# Households 88,644
Median age 35
Median household income $66,116
Avg household size 2.0
Renter-occupied housing units 52,005
5-year population change +2%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Salt Lake City, UT

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Salt Lake City $259 15,867 SF 8.05%
Millcreek $292 17,160 SF 6.44%
South Salt Lake $269 16,417 SF 6.67%
Murray $263 26,589 SF 5.40%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Salt Lake City $257 18,141 SF 7.46%
Millcreek $235 15,283 SF 7.46%
South Salt Lake $334 13,012 SF 7.46%
Murray $340 20,884 SF 6.00%
Midvale $270 21,963 SF 9.63%
Nearby Retail Markets Avg Cost/SF Typical Size
Salt Lake City $449 22,971 SF
Millcreek $423 6,375 SF
South Salt Lake $330 7,457 SF
Holladay $464 7,342 SF
Murray $386 4,629 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Salt Lake City $269 35,611 SF 6.41%
Millcreek $368 24,512 SF 6.41%
South Salt Lake $354 21,869 SF 6.41%
Murray $281 42,661 SF 5.98%
Taylorsville $436 69,507 SF 5.98%

Commercial Properties For Sale in Salt Lake City

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

Building 1 and 2

Salt Lake City, UT 84104

  • 32,015 SF Industrial Building
  • Price Upon Request
For Sale

Redwood Road Portfolio

  • $6,850,000
For Sale

1621 N Beck St

Salt Lake City, UT 84116

  • 9,000 SF Industrial Building
  • $2,499,000
For Sale

2135 S West Temple

South Salt Lake, UT 84115

  • 10,100 SF Flex Building
  • $2,200,000
For Sale

Ballpark Development Opportunity

Salt Lake City, UT 84115

  • 0.48 AC Lot
  • 1 Residential Income Lot
  • $1,800,000
For Sale

1467 S. Main St.

Salt Lake City, UT

  • $3,950,000

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 Salt Lake City pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Salt Lake City $322 22,689 SF
Millcreek $461 15,310 SF
South Salt Lake $285 14,757 SF
Holladay $391 5,286 SF
Murray $290 26,941 SF

Multifamily Properties For Sale in Salt Lake City

For Sale

Castle Heights

Salt Lake City, UT 84103

  • 30,838 SF Multifamily
  • $6,550,000
For Sale

Pauline Downs

Salt Lake City, UT

  • $15,500,000

Regional Demographic Comparison

This comparison places Salt Lake City 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 Salt Lake City or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Salt Lake City 204,933 88,644 35 $66,116 2 52,005 2%
Millcreek 34,377 14,724 37 $61,011 2 8,375 1%
South Salt Lake 27,405 10,770 35 $52,325 2 7,236 1%
Murray 49,315 19,835 39 $72,582 2 7,742 1%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Salt Lake City, 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 Salt Lake City

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

Salt Lake City 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 Salt Lake City?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Salt Lake City. 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 Salt Lake City?

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

How does Salt Lake City compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Salt Lake City. 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 Salt Lake City acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Salt Lake City, 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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