2024 Office Space Rent & Sales
- $21.85 2024 Avg. Asking Rent
- 29.37% 2024 Office Vacancy Rate
Provo office price per square foot in 2024 was $21.85 on average. The local office market recorded an average vacancy rate of 29.37% 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
Provo, UT Office Asking Rents by Class
Office Spaces for Rent in Utah
Coworking Spaces in Utah
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2024 Office Construction in Provo, UT
| Office building | Address | SF | Completed |
|---|---|---|---|
| 4949 North 300 West | 4949 North 300 West, 84604 | 100,118 | 2013 |
| Zions Bank Financial Center | 180 North University Avenue, 84601 | 137,093 | 2010 |
| Shops at Riverwoods | 4833 N Edgewood Dr, 84604 | 10,000 | 1997 |
| Panorama at Riverwoods | 400 West Park Circle, 84604 | 122,514 | 1995 |
| 2601 N Canyon Rd | 2601 N Canyon Rd, 84604 | 18,079 | 1995 |
| Riverwoods II | 5252 North Edgewood Drive, 84604 | 65,261 | 1994 |
| Riverwoods I | 5152 North Edgewood Drive, 84604 | 55,287 | 1994 |
| Timpanogos Tech Center 5 | 1712 S. East Bay Blvd, 84606 | 128,000 | 1993 |
| Timpanogos Tech Center Building E | 1656 South East Bay Blvd, 84606 | 124,696 | 1993 |
| Timpanogos Tech Center Building F | 1712 South East Bay Blvd, 84606 | 83,283 | 1993 |
Worth noting among recent office completions on the Provo market is 4949 North 300 West, which is currently the largest new office development in the city, at 100,118 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 Provo 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.