For Sale
Lehi, UT
Commercial Real Estate Market Trends & Data
$465
Avg asking sale price
$30
Avg asking lease rate
10,698 SF
Avg unit lease size
67,846 SF
Avg building size for sale
6.24%
Average cap rate
Lehi's Demographic Profile
Lehi has 23,152 households and a median income of $118,190, providing context for rent absorption and tenant demand across retail and multifamily assets. A +17% five-year population trend is a key signal for evaluating long-term demand in this market.
| Key Demographic Metric | Value |
|---|---|
| Population | 85,329 |
| # Households | 23,152 |
| Median age | 27 |
| Median household income | $118,190 |
| Avg household size | 4.0 |
| Renter-occupied housing units | 5,918 |
| 5-year population change | +17% |
{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Lehi, UT
↻ Updated Monthly{{marketTabDescriptions[activeMarketTab]}}
| Nearby Office Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Lehi | $342 | 14,220 SF | 7.78% |
| American Fork | $296 | 23,211 SF | 7.78% |
| Bluffdale | $358 | 21,012 SF | 7.00% |
| Draper | $381 | 16,346 SF | 7.00% |
| Riverton | $351 | 14,986 SF | 7.00% |
| Nearby Industrial Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Bluffdale | $401 | 12,788 SF | 7.00% |
| Draper | $408 | 19,517 SF | 7.00% |
| Riverton | $404 | 12,993 SF | 7.00% |
| Nearby Retail Markets | Avg Cost/SF | Typical Size |
|---|---|---|
| Lehi | $359 | 5,668 SF |
| American Fork | $479 | 14,301 SF |
| Bluffdale | $647 | 21,542 SF |
| Draper | $496 | 12,234 SF |
| Riverton | $610 | 17,871 SF |
| Nearby Multifamily Markets | Avg Cost/SF | Typical Size | Cap Max |
|---|---|---|---|
| Lehi | $264 | 17,965 SF | 5.02% |
| American Fork | $264 | 17,965 SF | 5.02% |
Commercial Properties For Sale in Lehi
The listings below reflect how current market pricing and building scale translate into active opportunities available today.
Average Price For Sale
↻ Updated MonthlyAverage Size For Lease
↻ Updated MonthlyNumber of Listings
↻ Updated MonthlyCap Rate
↻ Updated MonthlyHow Investors Evaluate Commercial Real Estate Markets
Nearby Commercial Markets
Comparing nearby markets helps investors see whether Lehi pricing and building scale sit above, below, or in line with surrounding areas.
| Commercial Markets | Avg Cost/SF | Average Size |
|---|---|---|
| Lehi | $465 | 67,846 SF |
| American Fork | $410 | 52,282 SF |
| Bluffdale | $434 | 15,786 SF |
| Draper | $405 | 19,280 SF |
Regional Demographic Comparison
This comparison places Lehi 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 Lehi or distributed across surrounding areas.
| City | Population | # Households | Age | Median Household Income | Avg Household Size | Renter Occupied Housing Units | Five Yr Pop Growth % |
|---|---|---|---|---|---|---|---|
| Lehi | 85,329 | 23,152 | 27 | $118,190 | 4 | 5,918 | 17% |
| American Fork | 34,407 | 10,304 | 30 | $88,749 | 3 | 3,174 | 16% |
| Bluffdale | 18,864 | 5,269 | 30 | $109,206 | 4 | 1,276 | 4% |
| Highland | 19,938 | 4,792 | 28 | $164,195 | 4 | 428 | 14% |
| Draper | 55,686 | 16,644 | 36 | $121,612 | 3 | 4,830 | 4% |
Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Lehi, 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 Lehi
View All Commercial Real Estate For Sale in Lehi
Is Lehi a good market for a first-time commercial real estate investor?
Lehi 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 Lehi?
The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Lehi. 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 Lehi?
Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Lehi. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.
How does Lehi compare to nearby commercial real estate markets?
Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Lehi. 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 Lehi acquisitions?
This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Lehi, 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.
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