South Jordan Office Rent Price & Sales Report

2023 Office Space Rent & Sales

  • $27.57 2023 Avg. Asking Rent
  • 0.28% Y-o-Y Avg. Asking Rent Change
  • 22.02% 2023 Office Vacancy Rate

South Jordan office price per square foot in 2023 was $27.57 on average. This marked a +0.28% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 22.02% 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

South Jordan, UT Office Asking Rents by Class

2023 Office Vacancy Rates in South Jordan

Submarket Asking Rents Vacancy Rates
Jordan $28.50 34.56%
I-15 Corridor $27.26 26.76%
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 South Jordan market was 22.02% in 2023. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in South Jordan was 26.76% in the I-15 Corridor submarket, while the highest office vacancy in the market was 34.56%, recorded in Jordan.

Office Spaces for Rent in Utah

Coworking Spaces in Utah

2023 Office Construction in South Jordan, UT

Largest Office Properties Recently Completed in South Jordan
Office building Address SF Completed
SoJo Station - South Building 10377 South Jordan Gateway West, 84095 180,000 2020
District Heights - 11240 South River Heights Drive 11240 South River Heights Drive, 84095 64,579 2019
RiverPark Corporate Center - Building Seven 10913 South River Front Pkwy, 84095 72,000 2013
Rio Tinto Regional Center 4700 Daybreak Pkwy, 84095 174,125 2008
South Jordan Office Space 912 W Baxter Dr, 84095 22,485 2008
RiverPark Corporate Center - Building Twelve 10876 South River Front Pkwy, 84095 155,042 2007
RiverPark Corporate Center - Building Fourteen 10808 South River Front Pkwy, 84095 155,042 2007
RiverPark Corporate Center - Building Four 10813 South River Front Pkwy, 84095 130,433 2005
RiverPark Corporate Center - Building Three 10757 South River Front Pkwy, 84095 94,751 2005
Jordan Valley Tech I 698 W. 10000 S., 84095 113,432 2002

Worth noting among recent office completions on the South Jordan market is SoJo Station - South Building, which is currently the largest new office development in the city, at 180,000 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 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 South Jordan 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.