Orem Industrial

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Orem

Office Space Market Report

Number of Listings (last 90 days)
40
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
2,780
As of: December 5, 2016

Orem Rates

On average, listings lease in the $20's per square foot per year. The Orem submarket is going through a an increase in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 14% increase in rent.

Orem Listing Supply

In the last 90 days, 40 listings have been listed, which means spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 8% of the office spaces in the Orem are subleases, so you will probably have to consider a longer term lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 2,780 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are close to 2 floors. Most buildings in this region were built in 1997 and are Class B.

Orem Community

Market Report

Trends and status of the commercial real estate market in Orem.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Orem.
Research