2023 Office Space Rent & Sales
- $29.30 2023 Avg. Asking Rent
- -1.76% Y-o-Y Avg. Asking Rent Change
- 16.85% 2023 Office Vacancy Rate
Cottonwood Heights office price per square foot in 2023 was $29.30 on average. This marked a -1.76% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 16.85% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- Utah Class A & A+ Office Space$28.50
- Utah Class B Office Space$23.99
- Utah Class C Office Space$25.92
Cottonwood Heights, UT Office Asking Rents by Class
2023 Office Vacancy Rates in Cottonwood Heights
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Cottonwood Heights | $31.80 | 16.07% |
| Sandy - East | $22.69 | 20.45% |
Office Spaces for Rent in Utah
Coworking Spaces in Utah
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| Office building | Address | SF | Completed |
|---|---|---|---|
| Old Mill Campus - Old Mill Corporate Center II | 6340 South 3000 East, 84121 | 124,389 | 2001 |
| Cottonwood Corporate 8 | 2755 E. Cottonwood Pkwy., 84121 | 136,560 | 2000 |
| Cottonwood Corporate 9 | 2795 E. Cottonwood Pkwy., 84121 | 135,167 | 1999 |
| Cottonwood Corporate Center - 2755 East Cottonwood Pkwy | 2755 East Cottonwood Pkwy, 84121 | 136,560 | 1998 |
| Cottonwood Corporate 10 | 2825 E. Cottonwood Pkwy., 84121 | 109,365 | 1998 |
| Regence Building | 2890 E. Cottonwood Pkwy, 84047 | 212,840 | 1997 |
| Regence Building | 2890 East Cottonwood Pkwy, 84121 | 212,840 | 1997 |
| Cottonwood Corporate 11 | 2855 E. Cottonwood Pkwy., 84121 | 108,938 | 1997 |
| 1787 East Fort Union Blvd | 1787 East Fort Union Blvd, 84121 | 45,507 | 1984 |
| 1787 East Fort Union Blvd | 1787 East Fort Union Blvd, 84121 | 19,500 | 1984 |
Worth noting among recent office completions on the Cottonwood Heights market is Old Mill Campus - Old Mill Corporate Center II, which is currently the largest new office development in the city, at 124,389 square feet.
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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Cottonwood Heights commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.