2024 Office Space Rent & Sales
- $25.20 2024 Avg. Asking Rent
- 40.19% 2024 Office Vacancy Rate
Orem office price per square foot in 2024 was $25.20 on average. The local office market recorded an average vacancy rate of 40.19% 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
Orem, UT Office Asking Rents by Class
Office Spaces for Rent in Utah
Coworking Spaces in Utah
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2024 Office Construction in Orem, UT
- Orem, UT Total SF completed in 2024 30,175
During 2024, 30,175 square feet of new office space were delivered across the market. At the close of 2024, the Orem office inventory included 1 buildings equal to or larger than 25,000 square feet, which comprised 30,175 square feet of office space.
| Office building | Address | SF | Completed |
|---|---|---|---|
| Orem Office Condo | 848 N 980 W, 84057 | 5,777 | 2008 |
| Orem Office Condo | 848 N 980 W, 84057 | 5,777 | 2008 |
| Orem Uplife Office for Sale | 1201 North 800 East, 84097 | 39,115 | 1998 |
| Rural Power & Light | 1358 West Business Park Drive, 84058 | 17,000 | 1998 |
| Bristol Park 1 | 943-949 S. Orem Blvd, 84058 | 1,920 | 1998 |
| Troon Office Park | 574-584 S. State St., 84058 | 38,000 | 1996 |
| 1215 S 1680 W | 1215 S 1680 W, 84058 | 20,040 | 1995 |
| Canyon Park Technology Center - Q | 1203 North Research Way, 84097 | 163,060 | 1993 |
| Canyon Park Technology Center - K | 1301 North Research Way, 84097 | 92,149 | 1993 |
| Canyon Park Technology Center - G & H | 505 Timpanogos Circle, 84097 | 170,524 | 1989 |
Worth noting among recent office completions on the Orem market is Orem Office Condo, which is currently the largest new office development in the city, at 5,777 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 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 Orem 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.