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1,471 Commercial Real Estate Listings in Salt Lake City, UT

Salt Lake City, UT Commercial Real Estate

There are currently 1,491 commercial listings available in Salt Lake City, UT. These listings include 786 commercial spaces that encompass a total of 16,690,519 square feet. Available commercial spaces in Salt Lake City, UT range in size from 1 square feet to 3,049,200 square feet. A total of 1,120 off-market commercial properties located in Salt Lake City, UT are also available for research.

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Salt Lake City, UT Commercial Real Estate Market Overview

Location Photo

As the “low place in the high mountains,” Salt Lake City is about as diverse a city as they come. Right on the edge of the largest inland lake in the western U.S., it enjoys four distinct seasons while being just minutes from world-class skiing on the Wasatch Mountains and the greatest powder on Earth. The developing tech scene in Silicon Slopes has only added to the diversity of cultures, creating a truly unique city of one-of-a-kind experiences. Even though Salt Lake City is known for winter sports and activities, the city itself doesn’t get any snow in the winter and remains vibrant all year long.

Salt Lake City, UT Commercial Inventory Breakdown

In 2022 the Salt Lake City, UT commercial real estate market totaled 33,528,769 square feet of office spaces, 12,134,616 square feet of office spaces with retail, and 131,272,519 square feet of industrial space.

Office Spaces

Total: 33,528,769 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail
By square footage range:
50k to 100k SqFt 8,900,868 SqFt 26.55% of total office
100k to 500k SqFt 23,498,243 SqFt 70.08% of total office
500k to 1M SqFt 1,129,658 SqFt 3.37% of total office
By class:
Class A 15,834,218 SqFt 47.23% of total office
Class B 15,056,437 SqFt 44.91% of total office
Class C 780,924 SqFt 2.33% of total office
Roughly 3.37% of the total office space in Salt Lake City, UT is comprised of properties between 500K to 1M square feet, and buildings between 50k to 100k square feet represent 26.55% of the office inventory.

Class A office space holds a 47.23% share of the overall Salt Lake City, UT office market, while Class B office assets make up approximately 44.91%.

Industrial

Total: 131,272,519 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 15,916,757 SqFt 12.12% of total industrial
100k to 500k SqFt 48,595,994 SqFt 37.02% of total industrial
500k to 1M SqFt 14,660,520 SqFt 11.17% of total industrial
> 1M SqFt 52,099,248 SqFt 39.69% of total industrial
By class:
Class A 45,347,711 SqFt 34.54% of total industrial
Class B 32,021,034 SqFt 24.39% of total industrial
Class C 766,380 SqFt 0.58% of total industrial
There are 48,595,994 square feet of commercial real estate properties between 100k to 500k square feet, representing 37.02% of the Salt Lake City, UT industrial inventory. Class A assets total 45,347,711 square feet of industrial space, with an additional 32,021,034 square feet of Class B and 766,380 square feet of Class C properties.

Office Spaces with Retail

Total: 12,134,616 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 2,978,687 SqFt 24.55% of total office with retail
100k to 500k SqFt 6,901,008 SqFt 56.87% of total office with retail
500k to 1M SqFt 2,254,921 SqFt 18.58% of total office with retail

Salt Lake City, UT Currently Available Listings & Spaces

Number of Available Listings
City Property Type Count of listings Total SF
Salt Lake City, UT Office 245 6,047,591
Salt Lake City, UT Retail 68 566,150
Salt Lake City, UT Industrial 36 6,924,928
Salt Lake City, UT Other 401 16,701,349
Ofice Icon

245

Office

Industrial Icon

36

Industrial

Retail Icon

68

Retail

Current local active listing encompass 30,240,018 square feet of commercial space for lease in Salt Lake City. There are 245 active office listings, which amount to 6,047,591 square feet and account for 32% of commercial spaces on the market. Local retail availability includes 566,150 square feet across 68 listings. Current industrial offerings on the market amount to 6,924,928 square feet across a total of 36.

Employment in Salt Lake, UT

Employed Population 117,876

Employed population - Industry % Distribution

Management, business, science, and arts occupations

49%

Sales and office occupations

17%

Service occupations

16%

Production, transportation, and material moving occupations

10%

Natural resources, construction, and maintenance occupations

8%

In 2020, roughly 49% of a total of 117,876 employed in Salt Lake worked in Management, business, science, and arts occupations, followed by 17% in Sales and office occupations and 16% in Service occupations.

Income per capita $39,695  Median household income $63,971

Household income

39%

Under $50k

32%

$50k - $100k

20%

$100k - $200k

9%

Over $200k

The median household income in Salt Lake stands at $63,971, with per capita income at $39,695. Households earning between $50k and $100k represent 32% of the total, while those earning over $200k make up 9%. Approximately 39% of Salt Lake households earn less than $50k per year.

Commuting in Salt Lake, UT

Mean travel time to work 20 minutes

Means of transportation to work

69.10%

Driving alone

9.20%

Carpool

8.00%

Public transit

1.80%

Bicycle

4.30%

Walking

1.00%

Other

6.50%

Work at Home

*Universe: Workers 16 and over

The mean travel time to work in Salt Lake in 2020 was 20 minutes. Around 69.10% of workers commute by Driving alone, 9.20% Carpool and 8.00% by Public transit.

Education in Salt Lake, UT

High school grad or higher 90%

Bachelor's degree or higher 47%

Population by minimum level of education

10%

No degree

19%

High school

24%

Some College

26%

Bachelor's

21%

Post-grad

*Universe: Workers 25 and over

An estimated 90% of Salt Lake residents aged 25 or over hold a high school degree or higher. Of those, 19% are high school graduates, 24% attended some college, 26% earned a bachelor's degree, with an additional 21% holding post-graduate degrees.

Salt Lake, UT Demographics

As of 2020, Salt Lake had a total population of 200,546, with a median age of 32.90 years. Roughly 73.20% of the total population was between the ages of 16 and 64 years old.