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137 Commercial Real Estate Listings in Orem, UT

Orem, UT Commercial Real Estate

There are currently 138 commercial listings available in Orem, UT. These listings include 124 commercial spaces that encompass a total of 2,611,382 square feet. Available commercial spaces in Orem, UT range in size from 3 square feet to 501,342 square feet. A total of 64 off-market commercial properties located in Orem, UT are also available for research.

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Orem, UT Commercial Inventory Breakdown

In 2022 the Orem, UT commercial real estate market totaled 1,903,661 square feet of office spaces, 3,176,619 square feet of office spaces with retail, and 1,350,798 square feet of industrial space.

Office Spaces

Total: 1,903,661 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail
By square footage range:
50k to 100k SqFt 980,415 SqFt 51.5% of total office
100k to 500k SqFt 923,246 SqFt 48.5% of total office
By class:
Class A 337,046 SqFt 17.71% of total office
Class B 1,292,017 SqFt 67.87% of total office


Class A office space holds a 17.71% share of the overall Orem, UT office market, while Class B office assets make up approximately 67.87%.

Industrial

Total: 1,350,798 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 470,472 SqFt 34.83% of total industrial
100k to 500k SqFt 880,326 SqFt 65.17% of total industrial
By class:
Class A 376,606 SqFt 27.88% of total industrial
Class B 751,019 SqFt 55.6% of total industrial
Class C 53,736 SqFt 3.98% of total industrial
There are 880,326 square feet of commercial real estate properties between 100k to 500k square feet, representing 65.17% of the Orem, UT industrial inventory. Class A assets total 376,606 square feet of industrial space, with an additional 751,019 square feet of Class B and 53,736 square feet of Class C properties.

Office Spaces with Retail

Total: 3,176,619 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 1,097,528 SqFt 34.55% of total office with retail
100k to 500k SqFt 1,119,283 SqFt 35.24% of total office with retail
500k to 1M SqFt 959,808 SqFt 30.21% of total office with retail

Orem, UT Currently Available Listings & Spaces

Number of Available Listings
City Property Type Count of listings Total SF
Orem, UT Office 44 1,717,891
Orem, UT Retail 21 220,254
Orem, UT Industrial 6 673,234
Orem, UT Other 74 2,611,382
Ofice Icon

44

Office

Industrial Icon

6

Industrial

Retail Icon

21

Retail

Current local active listing encompass 5,222,761 square feet of commercial space for lease in Orem. There are 44 active office listings, which amount to 1,717,891 square feet and account for 30% of commercial spaces on the market. Local retail availability includes 220,254 square feet across 21 listings. Current industrial offerings on the market amount to 673,234 square feet across a total of 6.

Employment in Orem, UT

Employed Population 49,980

Employed population - Industry % Distribution

Management, business, science, and arts occupations

41%

Sales and office occupations

23%

Service occupations

18%

Production, transportation, and material moving occupations

10%

Natural resources, construction, and maintenance occupations

8%

In 2020, roughly 41% of a total of 49,980 employed in Orem worked in Management, business, science, and arts occupations, followed by 23% in Sales and office occupations and 18% in Service occupations.

Income per capita $27,266  Median household income $70,465

Household income

34%

Under $50k

36%

$50k - $100k

23%

$100k - $200k

6%

Over $200k

The median household income in Orem stands at $70,465, with per capita income at $27,266. Households earning between $50k and $100k represent 36% of the total, while those earning over $200k make up 6%. Approximately 34% of Orem households earn less than $50k per year.

Commuting in Orem, UT

Mean travel time to work 20 minutes

Means of transportation to work

70.70%

Driving alone

15.80%

Carpool

2.20%

Public transit

1.70%

Bicycle

1.40%

Walking

1.20%

Other

6.90%

Work at Home

*Universe: Workers 16 and over

Education in Orem, UT

High school grad or higher 93%

Bachelor's degree or higher 41%

Population by minimum level of education

7%

No degree

15%

High school

36%

Some College

29%

Bachelor's

12%

Post-grad

*Universe: Workers 25 and over

An estimated 93% of Orem residents aged 25 or over hold a high school degree or higher. Of those, 15% are high school graduates, 36% attended some college, 29% earned a bachelor's degree, with an additional 12% holding post-graduate degrees.

Orem, UT Demographics

As of 2020, Orem had a total population of 97,839, with a median age of 27.40 years. Roughly 66.70% of the total population was between the ages of 16 and 64 years old.