The typical asking rate per listing is in the $10's per square foot per year. The Spanish Fork submarket is experiencing a an increase 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 spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 16% of the listings in the Spanish Fork are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet on the market, 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 properties in this market are close to 2 floors. Most buildings in this market 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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