On average, listings lease in the $10's per square foot per year. The Spanish Fork submarket is going through a a boost in rates. In the last 3 months, the median rate increased $20 per sqft per year.
In the last 90 days, 25 listings have been posted online, which means listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 16% of the available leases in the Spanish Fork are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 960 sqft. Most buildings in this region are close to 2 floors. Most buildings in this region were built in 1990 and are Class A.
Real time and historical data on commercial real estate listings in Spanish Fork.
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