Herriman, UT Retail Opportunity Report
Population increase, 2015-2020
Median Household Income
Located just 20 miles southwest of Salt Lake City, Herriman City, a master-planned community, successfully balances small-town appeal while aggressively pursuing economic development opportunities.
As a result, we offer you a vibrant and young community that has quickly become one of the fastest growing cities in Utah, with a 78% growth rate over the last five years.
Encompassing 23 square miles with seven miles of freeway frontage, Herriman is an ideal choice for new and expanding businesses looking for a rapidly growing population, available land, lower business costs, shovel-ready sites, and an active lifestyle. Utah continues to receive accolades as the best state for business, with Herriman City proving to be one of its most valuable assets - a city on the rise.
Enormous Retail Opportunity
In unmet retail demand within Herriman
Retail Gap by SectorRanked by Spending Gap in Herriman
Future Auto Mall in Herriman City
The majority of sales leakage is resulting from lost sales in the Motor Vehicle and Parts Dealers category, totaling over $77M!
Automobile dealers in Herriman today
Auto dealer opportunity in Herriman
Opportunity for Dine-in Restaurants in Herriman City
Dine-in restaurants (not fast food) for population of 45k
Restaurant opportunity in Herriman
Explore the full dataset
Housing Permits in Herriman
New housing units in 20 years
Top 5 Sectors by Employment
|Industry||Employees||Yearly Wage||Firms||Growth (YoY)|
|81 - Other Services (except Public Administration)||448||$46,276.41||74||0.03%|
|54 - Professional, Scientific, and Technical Services||1,440||$97,378.68||212||0.10%|
|71 - Arts, Entertainment, and Recreation||232||$41,942.99||13||0.03%|
|72 - Accommodation and Food Services||1,298||$23,574.50||61||0.05%|
|52 - Finance and Insurance||1,100||$92,858.23||74||0.04%|
Data & MethodologyHow the data in this report was calculated.
This report includes totalling 16,116 data points from 30 measures, collected from 2 public sources (described below). We also estimated 10,868 data points based on our estimation and projection methodology.
Some of the summary data included in the report may not include suppressed data. Data suppression occurs in cases where private, identifying information would be disclosed. In most cases, this does not impact the total values presented in the report, but in cases where there are small industries or areas, data suppressions may reduce the accuracy of the data we can display.