Provo Industrial

Provo

Office Space Market Report

Number of Listings (last 90 days)
37
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
10,000
As of: July 28, 2017

Provo Rates

On average, listings lease in the $30's per square foot per year. The Provo region is experiencing a an increase in rates. In the last 3 months, the median rate rose $8 per sqft per year. That's a 32% rise in rent.

Provo Listing Supply

In the last 90 days, 37 listings have been made available, which means new listings might be going fast. You'll want to be prepared to make an offer immediately. About 43% of the listings in the Provo are subleases, so you might be able to sign a shorter term by taking over a previous 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 10,000 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are close to 2 stories. Most buildings in this region were built in 1995 and are Class B.

Provo Community

Market Report

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

Market Data

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