Mixed-use investment in Ogden is concentrated in historic downtown along 25th Street and the adjacent Ogden River district where city revitalization investment is supporting residential and retail mixed-use. The Ogden Canyon gateway area is emerging as a boutique lodging and outdoor recreation mixed-use target.
Mixed-Use Market Overview: Ogden 2026
The Ogden mixed-use market in 2026 reflects the metro's broader economic momentum, driven by Hill Air Force Base, IRS Ogden Service Center, Weber State University, Autoliv, Lifetime Products, Northrop Grumman, ATK (Northrop), Amazon. Key metrics for mixed-use investors:
- Mixed-Use Vacancy: 5.0%
- Mixed-Use Cap Rates: 5.75%-6.50%
- Metro Rent Growth: 6.8% year-over-year
- Job Growth: 2.5%
- Population Growth: 2.0%
- Median Asking Rent: $1,680
Mixed-Use Subtypes in Ogden
The Ogden mixed-use market encompasses a range of property subtypes, each with distinct risk-return profiles and financing requirements:
- Retail + Residential
- Office + Residential
- Live-Work Spaces
- Transit-Oriented Development
- Land & Development Sites
- Adaptive Reuse & Conversion
- Ground-Floor Commercial + Apartments
- Mixed-Use Portfolios
Each subtype has different lender appetite, underwriting criteria, and optimal financing structures. Understanding which subtypes perform best in Ogden's specific market conditions is critical for investment success.
Key Investment Metrics
Mixed-Use investors evaluating Ogden should focus on these key performance indicators:
- Cap Rate Spread: Ogden mixed-use cap rates at 5.75%-6.50% compare favorably to national averages, reflecting attractive yields for investors seeking current cash flow
- Rent Growth Trajectory: 6.8% annual rent growth supports both value-add and core investment strategies
- Supply Pipeline: New mixed-use construction activity should be evaluated relative to the market's absorption capacity
- Tenant Quality: The Ogden metro's major employment sectors — Hill Air Force Base, IRS Ogden Service Center, Weber State University, Autoliv, Lifetime Products, Northrop Grumman, ATK (Northrop), Amazon — drive mixed-use tenant demand and creditworthiness
Financing Options for Mixed-Use in Ogden
Mixed-Use properties in Ogden can be financed through multiple capital sources, each with distinct advantages:
- Bank Permanent Loans
- Bridge Loans
- Construction Loans
- CMBS
- Agency (If 80%+ Residential)
- Mezzanine & Preferred Equity
The optimal financing structure depends on your business plan (core hold, value-add, or development), the property's current condition and occupancy, and your desired leverage and hold period. In the Ogden market, lenders are most competitive for well-located assets with strong fundamentals and experienced sponsors.
Top Submarkets for Mixed-Use Investment
The Ogden-Clearfield metro features several distinct submarkets for mixed-use investment, each with unique characteristics:
- Downtown Ogden — offering distinct opportunities within the broader Ogden mixed-use market
- East Bench — offering distinct opportunities within the broader Ogden mixed-use market
- Historic 25th Street — offering distinct opportunities within the broader Ogden mixed-use market
- Marriott-Slaterville — offering distinct opportunities within the broader Ogden mixed-use market
- Roy — offering distinct opportunities within the broader Ogden mixed-use market
- Clearfield — offering distinct opportunities within the broader Ogden mixed-use market
- Layton — offering distinct opportunities within the broader Ogden mixed-use market
- Kaysville — offering distinct opportunities within the broader Ogden mixed-use market
- Farmington — offering distinct opportunities within the broader Ogden mixed-use market
- Bountiful — offering distinct opportunities within the broader Ogden mixed-use market
- Centerville — offering distinct opportunities within the broader Ogden mixed-use market
- North Ogden — offering distinct opportunities within the broader Ogden mixed-use market
- Pleasant View — offering distinct opportunities within the broader Ogden mixed-use market
- South Ogden — offering distinct opportunities within the broader Ogden mixed-use market
- Riverdale — offering distinct opportunities within the broader Ogden mixed-use market
The most active investment corridors for mixed-use in Ogden include Downtown Ogden, South Ogden, Roy, Layton, Clearfield, West Haven, North Ogden, Pleasant View. Submarket selection significantly impacts both returns and financing terms, as lenders evaluate location-specific metrics in their underwriting.
Investment Thesis: Mixed-Use in Ogden
The investment case for mixed-use in Ogden rests on several structural factors:
- Economic Fundamentals: 2.5% job growth and 2.0% population growth create durable demand
- Market Pricing: Cap rates at 5.75%-6.50% offer attractive entry points relative to coastal gateway markets
- Financing Environment: The Ogden market's depth and lender familiarity support competitive borrowing costs
- Growth Potential: 6.8% rent growth supports improving cash flows over the hold period
The Ogden-Clearfield metro sits between Salt Lake City and the Idaho border along the Wasatch Front and is anchored by Hill Air Force Base, the largest single-site employer in Utah with more than 25,000 personnel and a major driver of aerospace and defense industrial absorption. Major employers include Northrop Grumman, ATK/Northrop Grumman propulsion systems, Autoliv, and the Internal Revenue Service Service Center. Ogden's reinvented downtown around Historic 25th Street has driven mixed-use and multifamily redevelopment. The metro is also a hub for the outdoor recreation industry (Skullcandy HQ, Goode, Rossignol regional ops) and benefits from one of the youngest, fastest-growing populations in the country.
CLS CRE — Mixed-Use Financing in Ogden
CLS CRE specializes in mixed-use financing throughout the Ogden-Clearfield metropolitan area. With access to 1,000+ lenders, we match your specific mixed-use investment with the right capital source at the most competitive terms available.
Related resources:
- Mixed-Use Financing — National Overview
- Mixed-Use Financing in Ogden
- Bridge Loans in Ogden
- Permanent Loans in Ogden
- Construction Loans in Ogden
- Ogden Commercial Real Estate Market Report 2026
Trevor Damyan is a commercial mortgage broker at Commercial Lending Solutions with a background in structured finance at CBRE and Marcus and Millichap Capital Corporation. He specializes in bridge loans, construction financing, SBA programs, DSCR loans, and complex capital structures for investors and developers across all 50 states.
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