Highland, Utah: A Premier Destination for Commercial Real Estate

Introduction

Highland, Utah, nestled in the northern part of Utah County, is gaining attention as a vibrant hub for commercial real estate (CRE). With a population of approximately 20,000, Highland's strategic location between major urban centers and its burgeoning economy make it an attractive destination for CRE investors. The city offers a diverse mix of industries, including technology, healthcare, and retail, which contribute to a robust demand for various property types. Highland’s unique blend of suburban charm and economic vitality positions it as a compelling market for commercial real estate development.

Economic and Industry Overview

Highland is part of the Provo-Orem Metropolitan Area, which is recognized for its dynamic economic growth and innovation. Key industries driving CRE demand include:

• Technology: Proximity to tech hubs like Silicon Slopes boosts demand for office and flex spaces.
• Healthcare: The presence of medical facilities and health service providers generates a need for medical office buildings.
• Retail: With a growing population and affluent demographics, retail spaces are in high demand.

The Utah Governor's Office of Economic Development actively supports economic initiatives that foster industry growth, further enhancing Highland's appeal for CRE investment.

Strategic Location and Transportation Infrastructure

Highland benefits from strategic access to major transportation networks:

• Highways: Located near Interstate 15, providing seamless connectivity to Salt Lake City and Provo.
• Airports: Approximately 30 miles from Salt Lake City International Airport, facilitating national and international business travel.
• Public Transit: Close to Utah Transit Authority (UTA) services offering efficient commuting options.

These logistical advantages enhance Highland's attractiveness for distribution and access to labor pools. For more information, visit the Utah Department of Transportation.

Commercial Real Estate Inventory & Zoning

Highland's CRE landscape features several key submarkets:

• Central Business District (CBD): A mix of office and retail spaces catering to local businesses and startups.
• Industrial Corridors: Areas zoned for light industrial and warehousing, supporting logistics and manufacturing operations.
• Innovation Districts: Zones encouraging tech-driven developments and coworking spaces.

The city offers zoning incentives and overlays encouraging sustainable development. Explore Highland's zoning maps for more details.

Major Employers and Institutions

Key employers and institutions fueling CRE demand in Highland include:

• Adobe Systems: A major tech company with offices in nearby Lehi.
• Intermountain Healthcare: A regional healthcare provider with facilities influencing medical office demand.
• Utah Valley University: A significant educational institution contributing to workforce development.

For a comprehensive list of businesses, visit the Highland Business Directory.

Notable Commercial Developments & Projects

Highland is witnessing several large-scale developments, including:

• Mixed-Use Projects: Combining residential, office, and retail spaces to create vibrant community hubs.
• Innovation Parks: Public-private partnerships fostering tech innovation and entrepreneurship.

The city's planning department provides site maps and project details.

Building Permits, Planning, and Development Tools

For developers and investors, Highland offers an array of resources:

• Building and Safety Department
• Permitting Portal
• Parcel Map Viewer / GIS
• Planning Commission
• Development Code

Market Data & Economic Reports

Access valuable data sets to inform your CRE decisions:

• US Census Data
• Highland City Open Data Portal
• Economic impact reports available through local chambers of commerce.

Brevitas leverages AI-powered aggregation from public data and internal insights to offer comprehensive market analysis. Explore Brevitas-powered dashboards for Highland for more insights.

Why Use Brevitas for Highland, Utah CRE?

Brevitas is your go-to platform for discovering CRE opportunities in Highland, Utah, offering:

• AI-driven Discovery: Access to exclusive listings and real-time market alerts.
• Smart Property Pages: Auto-generated listing pages with integrated tools for brokers and developers.
• Marketing Solutions: Email and landing page tools for enhanced exposure.
• Dealroom Collaboration: Streamlined processes for closing deals and managing transactions.

With Brevitas, you gain premium exposure and access to exclusive listings, making it the ideal choice for CRE professionals in Highland, Utah.