2023 Office Space Rent & Sales
- $28.02 2023 Avg. Asking Rent
- 0.36% Y-o-Y Avg. Asking Rent Change
- 39.90% 2023 Office Vacancy Rate
Draper office price per square foot in 2023 was $28.02 on average. This marked a +0.36% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 39.90% 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
Draper, UT Office Asking Rents by Class
2023 Office Vacancy Rates in Draper
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| I-15 Corridor | $27.26 | 26.76% |
| Sandy - East | $22.69 | 20.45% |
Office Spaces for Rent in Utah
Coworking Spaces in Utah
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2023 Office Construction in Draper, UT
| Office building | Address | SF | Completed |
|---|---|---|---|
| Offices on Fort | 12587 S Fort St, 84020 | 3,573 | 2022 |
| Draper Cove | 827-833 E Pioneer Rd., 84020 | 58,752 | 2021 |
| Irvine Office Park - Bldg. 1 | 344 W. 13800 S., 84020 | 180,000 | 2020 |
| Divvy HQ | 13707 South 200 West, 84020 | 150,000 | 2020 |
| Minuteman Office Plaza 5 | 13907 South Minuteman Drive, 84020 | 125,000 | 2020 |
| Baltic Pointe | 14761 South Future Way, 84020 | 80,130 | 2019 |
| Vista Station - 12884 South Frontrunner Blvd | 12884 South Frontrunner Blvd, 84020 | 125,000 | 2016 |
| The Pointe I | 38 East Scenic Pointe Drive, 84020 | 75,000 | 2016 |
| Draper Medical Suite | 38 W 13775 S, 84020 | 52,315 | 2016 |
| 339 West 13490 South | 339 West 13490 South, 84020 | 150,000 | 2015 |
Worth noting among recent office completions on the Draper market is Offices on Fort, which is currently the largest new office development in the city, at 3,573 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 Draper 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.