Utah’s commercial real estate (CRE) market has seen significant growth over the past decade, particularly in the industrial and office sectors, driven by a strong economy and population growth. Developers are expanding, out-of-state investors are circling, and commercial deals are moving faster than ever.
At Cottonwood Title, we’ve worked on thousands of commercial transactions across Utah. Here’s what’s behind the boom, and what CRE professionals should know before closing their next deal.
What’s driving Utah’s CRE growth?
Utah’s rise as a commercial hub isn’t just hype. It’s backed by data and momentum:
- Population growth: Utah was the fastest-growing state in the U.S. from 2010 to 2020, and growth hasn’t slowed. More people = more need for housing, retail, logistics, and healthcare infrastructure.
- Business-friendly climate: Low taxes, a strong workforce, and pro-development policies continue to attract companies and investors.
- Industrial demand: With the rise in e-commerce and distribution, Utah’s central location is perfect for logistics and industrial builds.
- Tech corridor expansion: “Silicon Slopes” continues to draw startups and tech giants, fueling demand for office space and mixed-use developments.
- Data storage and AI infrastructure: Because of Utah’s affordable power and favorable climate, major companies like Facebook and eBay are established their data centers here.
Hot markets to watch
Some of the most competitive CRE submarkets in Utah right now include:
- Lehi & Silicon Slopes – Tech, office, and multifamily
- Salt Lake City Core – Mixed-use, industrial, and healthcare
- St. George – Booming retail and senior housing demand
- Layton & Ogden – Manufacturing and logistics
Cottonwood has offices in each of these regions—and we bring unparalleled local knowledge to every deal.
What buyers and developers need to keep in mind
In our market, speed and certainty are everything. That’s where experienced title and escrow come in.
Here’s how to stay ahead:
- Don’t delay title research
The sooner we can run a title search, the sooner we can flag easements, encumbrances, or red flags that could derail your deal. On tight timelines, proactive review is your best friend.
- Plan for parcel complexity
If you’re buying raw land or dealing with multi-parcel acquisitions, make sure your title partner has experience handling complex configurations. We do—and we’ll show you exactly what to expect.
- Don’t be surprised by local quirks
Utah’s counties vary widely in recording speed, documentation requirements, and municipal regulations. We know the ins and outs—and we’ll help you avoid surprises.
- Choose a title team that’s responsive
When deals move fast, you need quick answers and clear communication. That’s something we’re known for at Cottonwood. Here’s a step-by-step guide to what happens at closing. →
Cottonwood Title is built for Utah
We’ve been serving Utah’s commercial market for over 25 years. We’re not a national brand trying to figure out the terrain—we’re locals. Our team knows the people, the process, and the potential pitfalls of doing deals in Utah.
Whether you’re buying a warehouse in Layton or developing a multi-use site in Lehi, we’ll help you close with confidence.
