Parowan, Utah: A Premier Destination for Commercial Real Estate

Introduction

Parowan, Utah, offers a dynamic landscape for commercial real estate (CRE) professionals looking to tap into a growing market. As a city with a small but vibrant economy, Parowan is strategically positioned near major transportation routes, making it a key player in industries such as logistics and manufacturing. The city's commitment to economic development and its unique geographic and economic positioning make it an attractive destination for CRE investments.

Economic and Industry Overview

Parowan's economy is primarily driven by industries such as logistics, manufacturing, and agriculture. The city's strategic location near major highways supports a thriving logistics sector, which in turn fuels demand for industrial and office spaces. The manufacturing industry benefits from Parowan's access to raw materials and transportation infrastructure.

The Five County Association of Governments plays a crucial role in regional economic initiatives, offering support and resources to businesses and developers in Parowan and surrounding areas. These initiatives contribute to the demand for commercial properties, including industrial spaces and office buildings.

Strategic Location and Transportation Infrastructure

Parowan's strategic location is enhanced by its proximity to major highways like Interstate 15, which provides direct access to larger markets in Utah and beyond. The city's transportation infrastructure includes:

• Highways: Interstate 15, connecting Parowan to Salt Lake City and Las Vegas.
• Airports: Cedar City Regional Airport, located approximately 20 miles away, offers regional flights and cargo services.
• Rail Lines: Access to freight rail services supports the city's logistics and manufacturing sectors.

These logistical advantages make Parowan an ideal hub for distribution and access to labor pools. For more information, visit the Utah Department of Transportation.

Commercial Real Estate Inventory & Zoning

Parowan's commercial real estate market is characterized by several key submarkets, including:

• Industrial Corridors: Ideal for warehousing and logistics businesses.
• Retail Spaces: Central locations suitable for retail businesses and services.

The city's zoning regulations are designed to support commercial development, with incentives available for developers. For zoning maps and parcel viewers, visit the Parowan City Planning Department.

Major Employers and Institutions

Parowan is home to several major employers that drive demand for commercial real estate, including:

• Parowan City School District: A significant employer in the education sector.
• Local Manufacturing Firms: Contributing to the city's industrial growth.
• Government Centers: Providing stable employment and CRE demand.

For a list of top employers and business directories, visit the Iron County Economic Development.

Notable Commercial Developments & Projects

Recent and ongoing developments in Parowan include:

• Mixed-Use Developments: Projects that combine residential, retail, and office spaces.
• Opportunity Zones: Areas designated for economic revitalization and investment.

Public-private partnerships are fostering new opportunities for CRE growth. For detailed site maps and project information, visit the Parowan City Planning Department.

Building Permits, Planning, and Development Tools

For those looking to develop in Parowan, the following resources are invaluable:

• Parowan City Building and Safety Department
• Permitting Portals
• Parcel Map Viewer / GIS
• Planning Commission
• Development Code

Market Data & Economic Reports

Parowan's market data is enriched by public data sets, including those from Census.gov and local economic impact reports. Brevitas uses AI-powered aggregation from public data and internal insights to provide comprehensive market analyses. Explore Brevitas-powered dashboards for Parowan here.

Why Use Brevitas for Parowan, Utah CRE?

Brevitas offers a robust platform for CRE discovery in Parowan, Utah, with features such as:

• AI-driven Discovery: Find properties that meet specific investment criteria.
• Real-time Market Alerts: Stay updated on new listings and market trends.
• Smart Property Pages: Access detailed property insights and analytics.
• Dealroom Collaboration: Streamline negotiations and transactions.

Leverage unique tools like auto-generated listing pages, email campaigns, and seamless integration with brokers and developers. Brevitas provides exclusive listings and premium exposure to help you succeed in Parowan's CRE market.