On average, listings lease in the $20's per square foot per year. The Provo submarket is going through a decline in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 11% decrease in rent.
In the last 90 days, 272 listings have been posted online, so you'll want to check back regularly for new listings. About 9% of the available space in the Provo are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 10,310 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are approximately 2 floors. Most buildings in this market were built in 1995 and are Class B.
Real time and historical data on commercial real estate listings in Provo.
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