Midvale Office Rent Price & Sales Report

2024 Office Space Rent & Sales

  • $27.19 2024 Avg. Asking Rent
  • 18.65% 2024 Office Vacancy Rate

Midvale office price per square foot in 2024 was $27.19 on average. The local office market recorded an average vacancy rate of 18.65% 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

2024 Average Office Rent per Square Foot

  • Utah Class A & A+ Office Space$28.05
  • Utah Class B Office Space$24.56
  • Utah Class C Office Space$18.40

Midvale, UT Office Asking Rents by Class

2024 Office Vacancy Rates in Midvale

Submarket Asking Rents Vacancy Rates
I-15 Corridor $26.66 25.79%
Sandy - East $23.31 23.67%
Data provided by Commercial Edge
Submarket differences in factors such as property mix, degree of accessibility, and availability of amenities influence not only variation in office rent price, but also in vacancy rates. The overall office vacancy rate on the Midvale market was 18.65% in 2024. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Midvale was 23.67% in the Sandy - East submarket, while the highest office vacancy in the market was 25.79%, recorded in I-15 Corridor.

Office Spaces for Rent in Utah

Coworking Spaces in Utah

2024 Office Construction in Midvale, UT

Largest Office Properties Recently Completed in Midvale
Office building Address SF Completed
View 8 910 W. Legacy Center Way, 84047 125,000 2015
Riverwalk Corporate Center II 6967 S. River Gate Dr., 84047 34,600 2015
Union Heights 7730 S. Union Park Ave., 84047 153,876 2007
6891 South 700 West 6891 South 700 West, 84047 35,676 2005
7390 South Creek Road 7390 South Creek Road, 84093 4,209 2003
Union Park III 6985 S. Union Park Ave., 84047 99,936 1991
Union Park IV 6975 S. Union Park Ctr., 84047 98,709 1991
Union Park Center III 6985 South Union Park Center, 84047 99,788 1988
Union Park Center II 7050 South Union Park Avenue, 84047 109,706 1985
Union Woods 7090 South Union Park Avenue, 84047 89,990 1985

Worth noting among recent office completions on the Midvale market is View 8, which is currently the largest new office development in the city, at 125,000 square feet.

Data provided by Commercial Edge

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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 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Midvale 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.