Orem Utah Industrial Warehouse Spaces for Rent

Orem, UT Warehouse Space for Rent.

Orem, Utah offers a variety of warehouse spaces for rent, catering to businesses seeking storage and distribution solutions. These warehouses feature flexible layouts, ample loading docks, and high ceilings, providing ample space for inventory management, light manufacturing, and logistics operations. The strategic location in Orem, with easy access to major highways and interstates, ensures efficient transportation and distribution of goods. Whether you require short-term or long-term lease options, Orem's warehouse facilities cater to diverse business needs, supporting the growth and success of local enterprises.

Benefits of Orem's, Industrial Market.

Orem, UT Industrial Market: A Prime Location for Warehousing and Distribution

• Strategic Location: Orem is centrally located in the heart of Silicon Slopes, a major tech hub attracting businesses nationwide.
• Abundant Labor Pool: Orem boasts a skilled and educated workforce with easy access to the University of Utah Valley.
• Excellent Infrastructure: The city offers modern transportation networks, including a freeway system and direct access to the Salt Lake City International Airport.
• Low Operating Costs: Orem provides competitively low utility rates, favorable lease terms, and tax incentives to support businesses.
• Access to Major Markets: Orem's proximity to Salt Lake City and other regional centers allows for easy distribution to surrounding markets.
• Growing Industrial Sector: The industrial market in Orem is expanding rapidly, offering numerous opportunities for businesses seeking warehouse space.
• Quality Construction: Industrial buildings in Orem meet modern construction standards, ensuring durability and functionality.
• Responsive City Government: Orem's city government is business-friendly and committed to providing support for industrial development.

Why Orem is a Great Place to Locate a Business.

Why Orem UT is a Great Place to Locate a Business

• Business-friendly environment: Pro-business policies, tax incentives, and a supportive community.
• Skilled workforce: Access to a highly educated and skilled workforce with a strong work ethic.
• Central location: Situated in the heart of Utah Valley, with easy access to major transportation routes and markets.
• Growing economy: A thriving business community with a diverse range of industries and employment opportunities.
• Affordable cost of living: Lower operating costs compared to other major metropolitan areas, making it an attractive location for businesses.
• High quality of life: An excellent quality of life with a strong education system, healthcare facilities, and recreational amenities.
• Abundant warehouse space: A wide variety of warehouse space available for lease or purchase, meeting the needs of businesses of all sizes.
• State-of-the-art infrastructure: Modern transportation systems, utilities, and communication networks to support business operations efficiently.
• Access to capital: Availability of funding options through local banks, venture capital firms, and government programs.
• Supportive business community: A collaborative and supportive business community, offering networking opportunities and resources for business growth.

Key Industries in Orem.

• Manufacturing: Orem is home to a diverse range of manufacturing companies, including those in the electronics, food processing, and medical device sectors.
• Technology: Orem has a thriving technology industry, with companies in software development, telecommunications, and biotechnology.
• Healthcare: Intermountain Healthcare, one of the largest healthcare providers in Utah, has a major presence in Orem.
• Education: Utah Valley University, a major regional university, is located in Orem.
• Retail: Orem has a strong retail sector, with major shopping centers and a variety of specialty stores.
• Tourism: Orem is conveniently located near popular tourist destinations such as Provo Canyon and Sundance Resort.
• Distribution: Orem's central location and access to major transportation corridors make it an ideal location for distribution facilities.
• Logistics: Orem has a strong logistics infrastructure, with numerous trucking companies and freight forwarders operating in the area.

Demographics.

• Population: 98,180
• Median Age: 34.1
• Median Household Income: $72,900
• Education: 32.8% of residents have a bachelor's degree or higher.

Market Statistics.

• Vacancy Rate: 4.7%
• Average Asking Rents: $16/SF/YR
• Total Inventory: 1,500,000 sq. ft.