Parkway Village — Lease in Provo, UT

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Retail Business
  • Location: Provo, UT 84606

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Description

Retail | For Lease: 1,254 - 4,020 SF Available: Inline retail space anchored by the top performing Neighborhood WalmartNear BYU and UVU with 66,000 students combinedNew monument signage availableExcellent parking - 5+ stalls per 1,000 SF Key Facts 2255 N. University Pkwy., Provo, UT 84606 Parkway Village Retail | For Lease: 1,254 - 4,020 SF View Website Facebook LinkedIn Email Twitter Facebook LinkedIn Email Twitter View Website Share Print View Documents View Documents Available: Inline retail space anchored by the top performing Neighborhood Walmart

Market Context

This retail in Provo, UT is listed for lease. Compare it against other retail listings for lease in Provo, UT — view the full market.

As of Q1 2026, the Salt Lake City retail market showed a 4.1% vacancy rate, average asking rents near $22.61/SF/yr, rents up 0.7% year over year, and cap rates around 6.5%. Source: Marcus & Millichap Q1 2026 market report.

Rising rents point to a competitive market where well-priced, well-located space leases quickly.

Retail market FAQ

What is the typical cap rate for retail in Salt Lake City?
About 6.5% as of Q1 2026, per Marcus & Millichap.
Is the Salt Lake City retail market tightening or softening?
Vacancy is around 4.1%, with asking rents rising year over year (Q1 2026).

Estimated Market Rate

$1.58/SF/mo – $2.22/SF/mo

Mid: $1.89/SF/mo

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