Herriman, UT
Commercial Real Estate Market Trends & Data

$408 Avg asking sale price
$28 Avg asking lease rate
43,165 SF Avg unit lease size
13,781 SF Avg building size for sale
5.38% Average cap rate

Herriman's Demographic Profile

Herriman has 16,565 households and a median income of $104,737, providing context for rent absorption and tenant demand across retail and multifamily assets. A +3% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 58,689
# Households 16,565
Median age 29
Median household income $104,737
Avg household size 4.0
Renter-occupied housing units 4,100
5-year population change +3%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Herriman, UT

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Riverton $351 14,986 SF 7.00%
Bluffdale $358 21,012 SF 7.00%
South Jordan $279 16,811 SF 9.63%
West Jordan $260 9,671 SF 9.63%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Riverton $404 12,993 SF 7.00%
Bluffdale $401 12,788 SF 7.00%
South Jordan $215 22,211 SF 9.63%
West Jordan $241 21,515 SF 9.63%
Nearby Retail Markets Avg Cost/SF Typical Size
Herriman $1,036 44,607 SF
Riverton $559 18,730 SF
Bluffdale $647 21,542 SF
South Jordan $335 17,512 SF
West Jordan $331 8,435 SF

Commercial Properties For Sale in Herriman

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Bluffdale Industrial Flex Condos - 14600 S

Bluffdale, UT 84065

  • 27,556 SF Industrial Building
  • $1,945,000 - $2,335,000
For Sale

14860 S Concord Park Dr

Bluffdale, UT 84065

  • 14,804 SF Flex Building
  • $2,000,000
For Sale

13175 S Rose Canyon Rd

Herriman, UT 84096

  • 1.70 AC Lot
  • 1 Commercial Lot
  • $1,650,000
For Sale

10456 S 3010 W

South Jordan, UT 84095

  • 0.93 AC Lot
  • 1 Residential Income Lot
  • $1,090,000
For Sale

3583 W 9800 S

South Jordan, UT 84095

  • 12,810 SF Office Building
  • $4,500,000
For Sale

River Heights Medical & Professional Bldg

South Jordan, UT 84095

  • 60,217 SF Office Building
  • $1,400,000

Average Price For Sale

↻ Updated Monthly

Average Size For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Herriman pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Herriman $408 13,781 SF
Riverton $419 14,944 SF
Bluffdale $434 16,024 SF
South Jordan $316 18,801 SF

Regional Demographic Comparison

This comparison places Herriman 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 Herriman or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Herriman 58,689 16,565 29 $104,737 4 4,100 3%
Riverton 45,360 12,691 34 $108,666 4 1,837 1%
Bluffdale 18,864 5,269 30 $109,206 4 1,276 4%
South Jordan 79,963 24,383 35 $115,276 3 4,846 2%
Bingham Canyon 777 277 37 $67,370 3 55 -1%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Herriman, 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 Herriman

View All Commercial Real Estate For Sale in Herriman
Is Herriman a good market for a first-time commercial real estate investor?

Herriman 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 Herriman?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Herriman. 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 Herriman?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Herriman. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Herriman compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Herriman. 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 Herriman acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Herriman, 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