2023 Office Space Rent & Sales
- $19.99 2023 Avg. Asking Rent
- 10.27% 2023 Office Vacancy Rate
Sandy office price per square foot in 2023 was $19.99 on average. The local office market recorded an average vacancy rate of 10.27% 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
Sandy, UT Office Asking Rents by Class
2023 Office Vacancy Rates in Sandy
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Cottonwood Heights | $31.80 | 16.07% |
| 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 Sandy, UT
| Office building | Address | SF | Completed |
|---|---|---|---|
| 8327 S State St | 8327 S State St, 84070 | 9,878 | 2021 |
| 8327 S State St | 8327 S State St, 84070 | 9,878 | 2021 |
| 11449 S 1000 E | 11449 S 1000 E, 84094 | 18,912 | 2018 |
| Sandy Towers East | 111 East Sego Lily Drive, 84070 | 154,450 | 2017 |
| Sandy Commerce Park | 9450-9500 S. 300 W., 84070 | 120,958 | 2017 |
| Towne Ridge Center I | 75 W. Towne Ridge Pky., 84070 | 128,086 | 2016 |
| Sandy Park Center 2 | 9785 S. Monroe St., 84070 | 90,000 | 2014 |
| High Pointe III | 7927 S. High Point Pkwy., 84094 | 33,451 | 2014 |
| High Point Freestanding Office Building | 1220 E 7800 S, 84094 | 49,589 | 2011 |
| High Point Freestanding Office Building | 1220 E 7800 S, 84094 | 49,589 | 2011 |
Worth noting among recent office completions on the Sandy market is 8327 S State St, which is currently the largest new office development in the city, at 9,878 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 Sandy 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.