Orem Industrial

Orem

Office Space Market Report

Number of Listings (last 90 days)
29
Median Rate ($/sqft/yr)
$21
Median Size (sqft)
2,270
As of: May 20, 2017

Orem Rates

The typical asking rate per listing is in the $20's per square foot per year. The Orem region is going through a an increase in rates. In the last 3 months, the median rate increased $2 per sqft per year. That's a 8% rise in rent.

Orem Listing Supply

In the last 90 days, 29 listings have come on the market, which means leases are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. 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 2,270 sqft. Most properties in this market are approximately 2 floors. Most buildings in this market 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