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128 Commercial Real Estate Listings in Provo, UT

Provo, UT Commercial Real Estate

There are currently 135 commercial listings available in Provo, UT. These listings include 103 commercial spaces that encompass a total of 2,103,841 square feet. Available commercial spaces in Provo, UT range in size from 1 square feet to 582,624 square feet. A total of 64 off-market commercial properties located in Provo, UT are also available for research.

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Provo, UT Commercial Inventory Breakdown

In 2022 the Provo, UT commercial real estate market totaled 3,890,528 square feet of office spaces, 1,493,588 square feet of office spaces with retail, and 3,032,876 square feet of industrial space.

Office Spaces

Total: 3,890,528 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail
By square footage range:
50k to 100k SqFt 1,270,483 SqFt 32.66% of total office
100k to 500k SqFt 2,620,045 SqFt 67.34% of total office
By class:
Class A 1,664,130 SqFt 42.77% of total office
Class B 1,723,727 SqFt 44.31% of total office


Class A office space holds a 42.77% share of the overall Provo, UT office market, while Class B office assets make up approximately 44.31%.

Industrial

Total: 3,032,876 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 613,741 SqFt 20.24% of total industrial
100k to 500k SqFt 1,504,505 SqFt 49.61% of total industrial
500k to 1M SqFt 914,630 SqFt 30.16% of total industrial
By class:
Class A 1,066,116 SqFt 35.15% of total industrial
Class B 613,053 SqFt 20.21% of total industrial
Class C 439,077 SqFt 14.48% of total industrial
There are 1,504,505 square feet of commercial real estate properties between 100k to 500k square feet, representing 49.61% of the Provo, UT industrial inventory. Class A assets total 1,066,116 square feet of industrial space, with an additional 613,053 square feet of Class B and 439,077 square feet of Class C properties.

Office Spaces with Retail

Total: 1,493,588 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 301,520 SqFt 20.19% of total office with retail
100k to 500k SqFt 393,381 SqFt 26.34% of total office with retail
500k to 1M SqFt 798,687 SqFt 53.47% of total office with retail

Provo, UT Currently Available Listings & Spaces

Number of Available Listings
City Property Type Count of listings Total SF
Provo, UT Office 46 1,048,139
Provo, UT Retail 10 47,089
Provo, UT Industrial 4 867,379
Provo, UT Other 70 2,016,222
Ofice Icon

46

Office

Industrial Icon

4

Industrial

Retail Icon

10

Retail

Current local active listing encompass 3,978,829 square feet of commercial space for lease in Provo. There are 46 active office listings, which amount to 1,048,139 square feet and account for 35% of commercial spaces on the market. Local retail availability includes 47,089 square feet across 10 listings. Current industrial offerings on the market amount to 867,379 square feet across a total of 4.

Employment in Provo, UT

Employed Population 69,657

Employed population - Industry % Distribution

Management, business, science, and arts occupations

43%

Sales and office occupations

23%

Service occupations

17%

Production, transportation, and material moving occupations

10%

Natural resources, construction, and maintenance occupations

6%

In 2020, roughly 43% of a total of 69,657 employed in Provo worked in Management, business, science, and arts occupations, followed by 23% in Sales and office occupations and 17% in Service occupations.

Income per capita $22,559  Median household income $53,864

Household income

48%

Under $50k

34%

$50k - $100k

14%

$100k - $200k

4%

Over $200k

The median household income in Provo stands at $53,864, with per capita income at $22,559. Households earning between $50k and $100k represent 34% of the total, while those earning over $200k make up 4%. Approximately 48% of Provo households earn less than $50k per year.

Commuting in Provo, UT

Mean travel time to work 19 minutes

Means of transportation to work

61.00%

Driving alone

11.80%

Carpool

6.00%

Public transit

1.80%

Bicycle

11.30%

Walking

1.00%

Other

7.10%

Work at Home

*Universe: Workers 16 and over

The mean travel time to work in Provo in 2020 was 19 minutes. Around 61.00% of workers commute by Driving alone, 11.80% Carpool and 11.30% by Walking.

Education in Provo, UT

High school grad or higher 96%

Bachelor's degree or higher 45%

Population by minimum level of education

4%

No degree

16%

High school

35%

Some College

31%

Bachelor's

14%

Post-grad

*Universe: Workers 25 and over

An estimated 96% of Provo residents aged 25 or over hold a high school degree or higher. Of those, 16% are high school graduates, 35% attended some college, 31% earned a bachelor's degree, with an additional 14% holding post-graduate degrees.

Provo, UT Demographics

As of 2020, Provo had a total population of 116,616, with a median age of 23.60 years. Roughly 78.10% of the total population was between the ages of 16 and 64 years old.