Orem Office Space

Orem

Office Space Market Report

Number of Listings (last 90 days)
29
Median Rate ($/sqft/yr)
$18
Median Size (sqft)
5,440
As of: August 18, 2017

Orem Rates

On average, listings lease in the $10's per square foot per year. The Orem region is going through a decline in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 9% decrease in rent.

Orem Listing Supply

In the last 90 days, 29 listings have come on the market, which means listings most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 28% of the office spaces in the Orem 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 available, so finding a space for a small business might be tough.

Even though the median size is 5,440 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are approximately 2 stories. Most buildings in this area 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