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Team Utah Commercial Real Estate
RE/MAX Associates
Nobody Markets Commercial
Property the way we do.

Robert Farnsworth  801-898-8810

Randy Cummins  801-641-8004

Ashlee Bonham  801-602-6850

Stockton Farnsworth  801-664-3370

Utah Commercial Real Estate Market Intelligence

Data-driven insights across Utah's hottest commercial markets. Explore county-by-county trends, property type analytics, and submarket spotlights to make smarter investment decisions.

Data as of Q1 2026
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Avg Cap Rate
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Vacancy Rate
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Avg Price/SF
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YoY Price Growth
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Active Listings
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Days on Market

County-by-County Market Data

How Utah's top commercial real estate markets compare right now

Price Trends by Property Type

Industrial

$80 - $150/SF
Trending Up
$0$150$300
Demand: High

Retail

$120 - $250/SF
Stable
$0$150$300
Demand: Moderate

Office

$100 - $200/SF
Trending Up
$0$150$300
Demand: Growing

Land

$3 - $25/SF
Varies by Location
$0$15$30
Demand: Varies

Submarket Spotlights

Silicon Slopes

Lehi / Draper Corridor
  • Strong tech-driven office demand with multiple HQ relocations
  • Vacancy under 3% for Class A office space
  • New mixed-use developments adding retail and flex inventory
  • I-15 and FrontRunner access driving premium pricing
Silicon Slopes continues to attract national tech firms relocating operations to Utah. Average office rents have climbed 12% year-over-year, with new spec construction underway along the I-15 corridor between Lehi and Draper. Flex/industrial demand is also surging as e-commerce logistics expand in the area.

Eagle Mountain

Land Development Boom
  • Rapid residential growth creating commercial demand
  • Large development parcels still available at competitive pricing
  • New retail centers planned along SR-73 corridor
  • Infrastructure improvements increasing accessibility
Eagle Mountain's population has more than doubled in the past decade, driving urgent need for neighborhood retail, medical offices, and services. Land prices remain 40-60% below comparable parcels in Salt Lake County, making it a prime target for ground-up development. The upcoming SR-73 widening will further accelerate commercial growth.

Ogden / North Davis

Industrial Growth Corridor
  • Industrial absorption accelerating with logistics demand
  • Price per SF 25-40% below Salt Lake County comparables
  • I-15 / I-84 interchange access for distribution
  • Growing workforce and business-friendly incentives
The Ogden-North Davis industrial corridor has seen record absorption as companies seek lower-cost alternatives to Salt Lake County. With proximity to the I-15/I-84 interchange and competitive labor costs, the area is attracting distribution centers, light manufacturing, and cold storage facilities. Weber County economic incentives have further accelerated tenant migration.

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Property Types of Interest
Counties of Interest

Market data is approximate and provided for informational purposes. Contact us for current, property-specific market analysis.