Commercial Real Estate Market in Springville, UT
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
79 active listings and 721 off-market properties in Springville, UT. Commercial property asks $203/SF to buy and $16.50/SF/Yr to lease.
Market Trends
Springville, UT spans 119.7 square miles in Utah County, Utah. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Springville, UT runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Springville, UT runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Springville, 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 Springville, 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
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 51.4%
- Commercial 26.8%
- Agricultural 11.2%
- Industrial 9.2%
- Mixed use 0.9%
- Open space 0.4%
Largest Zones share of zoned land by district
Single Family Residential 10000 Square Feet Minimum Lot
Agriculture
Regional Commercial
Single Family Residential 15000 Square Feet Minimum Lot
Single Family Residential 8000 Square Feet Minimum Lot
Springville, UT zones 9,306 acres across 22 districts. Commercial zoning covers 26.8% of zoned land, residential 51.4%, open space 0.4% and industrial 9.2%. The largest single district is Single Family Residential 10000 Square Feet Minimum Lot at 22.2%. For commercial buyers the practical constraint is that only 36% of land carries a commercial or industrial designation.
Single Family Residential 10000 Square Feet Minimum Lot (R1-10)
The R1-10 and R1-8 zoning districts are intended to provide areas for single-family detached dwellings at a low density and are generally suburban in nature. Street access in this zone should primarily be from local and residential collector streets. (c) The R1-5 zoning district is intended to provide an area for single-family residences in detached, and in…
Market overview
Demographics & Economy
Springville, UT has 47,012 residents in 14,488 households. Density runs 393 people per square mile. Median household income here is $98,333 and median gross rent $1,455 a month.
47,012
Population
14,488
Households
3.2
Avg Household Size
29
Median Age
43%
College-Educated
96%
High-School Grad
119.7 sq mi
ZIP Area
393
Density / Sq Mi
$98,333
Median Household Income
$39,877
Median Earnings
$1,455
Median Rent
$503,970
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Spanish Fork | — | $23.80 |
| Provo | — | $15.15 |
Commercial property in Springville, UT asks $203/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Springville?
Commercial property in Springville, UT asks an average of $203 per square foot. Multifamily carries the highest asking price at $254/SF.
How much does it cost to lease commercial space in Springville?
Asking lease rates in Springville, UT average $16.50 per square foot per year.
What zoning applies to commercial property in Springville?
Springville, UT zones 9,306 acres across 22 districts, of which 26.8% is commercial and 9.2% industrial. The largest single district is Single Family Residential 10000 Square Feet Minimum Lot at 22.2% of zoned land. The R1-10 and R1-8 zoning districts are intended to provide areas for single-family detached dwellings at a low density and are generally suburban in nature. Street access in this zone should primarily be from local and residential collector streets. (c) The R1-5 zoning district is intended to provide an area for single-family residences in detached, and in… Residential zoning covers 51.4% and open space 0.4%.
Where does Realmo's Springville market data come from?
Realmo compiles Springville, UT figures from 52 active sale listings, 27 active lease listings, 721 tracked off-market properties, the current Springville zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 52 active for-sale and 27 active for-lease listings in Springville, 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.
- Zoning and land use
- The current municipal zoning release: 9,306 zoned acres across 22 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- 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 · How Realmo checks market page data · Report a data issue
