Commercial Real Estate Market in American Fork, UT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
77 active listings and 790 off-market properties in American Fork, UT. Commercial property asks $308/SF to buy and $17.63/SF/Yr to lease.
Market Trends
American Fork, UT spans 73.6 square miles in Utah County, Utah. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in American Fork, UT runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in American Fork, UT runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in American Fork, UT runs 7.9% across the West region in 2025, up from 3.7% in 2019. Nearly 3.2x the 2022 low of 2.5%.
Vacancy Rate % in West region
Multifamily
Multifamily space in American Fork, UT asks $254/SF to buy. Vacancy runs 8.6% across the West region in 2025, up from 7% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Market overview
Demographics & Economy
American Fork, UT has 52,970 residents in 16,441 households. Density runs 720 people per square mile. Median household income here is $120,262 and median gross rent $1,692 a month.
52,970
Population
16,441
Households
3.2
Avg Household Size
29
Median Age
50%
College-Educated
96%
High-School Grad
73.6 sq mi
ZIP Area
720
Density / Sq Mi
$120,262
Median Household Income
$41,591
Median Earnings
$1,692
Median Rent
$580,600
Median Home Value
Tools
Lease vs Buy Breakeven
At $17.63/SF/Yr lease vs $308/SF buy → buying wins if held > 6.2 years.
At a 5.7% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Pleasant Grove | — | — |
| Highland | — | — |
| Lindon | — | $17.35 |
Commercial property in American Fork, UT asks $308/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in American Fork?
Commercial property in American Fork, UT asks an average of $308 per square foot. Multifamily carries the highest asking price at $254/SF.
How much does it cost to lease commercial space in American Fork?
Asking lease rates in American Fork, UT average $17.63 per square foot per year.
Is it cheaper to lease or buy commercial space in American Fork?
Buying beats leasing in American Fork, UT if the property is held longer than 6.2 years, comparing $17.63/SF/Yr asking rent with $308/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
Where does Realmo's American Fork market data come from?
Realmo compiles American Fork, UT figures from 50 active sale listings, 27 active lease listings, 790 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 50 active for-sale and 27 active for-lease listings in American Fork, UT. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at West region level, retail vacancy is reported at West region level and industrial vacancy is reported at West region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · report a data issue
