Provo Office Space

Provo

Office Space Market Report

Number of Listings (last 90 days)
272
Median Rate ($/sqft/yr)
$29
Median Size (sqft)
10,000
As of: August 17, 2017

Provo Rates

The typical asking rate per listing is in the $20's per square foot per year. The Provo submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $13 per sqft per year. That's a 81% increase in rent.

Provo Listing Supply

In the last 90 days, 37 listings have been made available, which means spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About 76% of the available leases in the Provo are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 10,000 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are around 2 floors. Most buildings in this area 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