Provo Towne Centre — Lease in Provo, UT
- Price: Contact for price
- Listing type: For lease
- Asset type: Retail Business
- Location: Provo, UT 84601
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Description
Now available for lease, retail Provo Towne Centre located at 1200 Towne Centre Blvd Provo, Utah 84601. Available square footage 500 - 15,000 SF.
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
Contact
- David M. Young · davidm.young@jll.com
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