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

$327 Avg asking sale price
$23 Avg asking lease rate
16,360 SF Avg unit lease size
20,702 SF Avg building size for sale
6.41% 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 $265 16,365 SF 8.75%
Millcreek $259 22,562 SF 8.75%
South Salt Lake $254 17,513 SF 8.75%
Murray $270 24,052 SF 8.75%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Salt Lake City $265 22,213 SF 6.67%
Millcreek $254 9,231 SF 6.44%
South Salt Lake $245 10,224 SF 6.67%
Murray $248 18,079 SF 6.20%
Taylorsville $294 4,056 SF 6.20%
Nearby Retail Markets Avg Cost/SF Typical Size
Salt Lake City $450 7,197 SF
Millcreek $462 6,723 SF
South Salt Lake $337 6,303 SF
Holladay $464 7,342 SF
Murray $367 4,547 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Salt Lake City $268 46,345 SF 6.41%
Millcreek $368 24,512 SF 6.41%
South Salt Lake $354 21,869 SF 6.41%
Holladay $664 11,526 SF 5.75%
Murray $281 42,661 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

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

1872 S Main St

Salt Lake City, UT 84115

  • 1,207 SF Retail Building
  • $475,000
For Sale

905 E 200 S

Salt Lake City, UT 84102

  • 7,064 SF Multifamily
  • $4,000,000
For Sale

2431 S 1070 W

Salt Lake City, UT 84119

  • 16,788 SF Industrial Building
  • 6.15% Cap Rate
  • $4,592,000
For Sale

Jamestown Office Condos

Salt Lake City, UT 84121

  • 2,512 SF Office Building
  • $690,800

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

How Investors Evaluate Commercial Real Estate Markets

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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 $327 20,702 SF
Millcreek $307 14,434 SF
South Salt Lake $282 12,728 SF
Holladay $361 7,284 SF
Murray $294 21,540 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
For Sale

Lattice Apartments & North Tower

Salt Lake City, UT 84101

  • 240,000 SF Multifamily
  • Price Upon Request

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.

Nearby Market Trends