Pleasant Grove, Utah: A Premier Destination for Commercial Real Estate

Introduction

Pleasant Grove, Utah, is emerging as a significant hub for commercial real estate in the Mountain West region. With a population of approximately 38,000, this growing city is strategically positioned within Utah County's robust economic landscape. Driven by technology, healthcare, and manufacturing, Pleasant Grove offers unique opportunities for commercial real estate (CRE) investments across various sectors. Its location within the Provo-Orem metropolitan area further enhances its appeal, providing access to a skilled workforce and a thriving business environment.

Economic and Industry Overview

Pleasant Grove's economy is bolstered by several key industries:

• Technology and Innovation: As part of Utah's burgeoning Silicon Slopes, Pleasant Grove benefits from the tech boom, with increasing demand for office spaces and innovation hubs.

• Healthcare: The city's healthcare sector is expanding, driving the need for medical office buildings and related facilities.

• Manufacturing and Logistics: With its strategic location, Pleasant Grove supports manufacturing and logistics industries, fueling demand for industrial and flex spaces.

Regional economic development initiatives and agencies, such as the Utah Governor's Office of Economic Opportunity, actively promote growth across these sectors.

Strategic Location and Transportation Infrastructure

Pleasant Grove's transportation infrastructure is a significant advantage for CRE development:

• Highways: The city is accessible via Interstate 15, a major north-south corridor that connects to regional and national markets.

• Airports: Proximity to Salt Lake City International Airport provides global connectivity, while the nearby Provo Municipal Airport caters to regional travel.

• Rail Access: Rail lines support industrial and logistical operations, offering efficient transport solutions for businesses.

For more information, visit the Utah Department of Transportation.

Commercial Real Estate Inventory & Zoning

Pleasant Grove's CRE landscape includes diverse submarkets:

• Central Business District (CBD): Offers a mix of office and retail spaces, ideal for professional services and retail businesses.

• Industrial Corridors: Home to logistics and manufacturing facilities, benefiting from strategic transport links.

• Innovation Districts: Attract tech companies and startups, supporting flexible office and co-working spaces.

Recent zoning changes and incentives can be explored through the Pleasant Grove City Zoning Maps.

Major Employers and Institutions

Prominent employers and institutions driving CRE demand in Pleasant Grove include:

• Tech Companies: Part of the Silicon Slopes, contributing to office space demand.

• Healthcare Providers: Expanding medical facilities and services.

• Educational Institutions: Nearby universities and colleges provide a skilled workforce.

For a comprehensive list, visit the Pleasant Grove Economic Development.

Notable Commercial Developments & Projects

Pleasant Grove is witnessing significant commercial developments:

• Mixed-Use Projects: Combining residential, office, and retail spaces, enhancing urban living.

• Innovation Parks: Designed to attract tech and research companies.

Information on public-private partnerships and Opportunity Zones can be found on the Utah Governor's Office of Economic Opportunity.

Building Permits, Planning, and Development Tools

For developers and investors, Pleasant Grove provides several resources:

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

Market Data & Economic Reports

Access public data and reports for market insights:

• Census Data
• Utah Open Data Portal

Brevitas leverages AI-powered aggregation from public data and internal insights. Explore Brevitas-powered dashboards for Pleasant Grove here.

Why Use Brevitas for Pleasant Grove, Utah CRE?

Brevitas offers unparalleled tools for CRE professionals in Pleasant Grove:

• AI-driven CRE Discovery: Find the best properties with smart search capabilities.

• Real-Time Market Alerts: Stay updated with the latest listings and market trends.

• Smart Property Pages: Detailed insights and analytics for informed decisions.

• Dealroom Collaboration: Seamless interaction with brokers and developers.

Unique features include:

• Auto-generated listing pages
• Email and landing page tools
• Integration with brokers and developers
• Exclusive listings and premium exposure

Discover how Brevitas enhances your CRE strategy in Pleasant Grove by visiting Brevitas.