Provo Office Space

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Provo

Office Space Market Report

Number of Listings (last 90 days)
38
Median Rate ($/sqft/yr)
$17
Median Size (sqft)
2,130
As of: December 3, 2016

Provo Rates

The typical asking rate per listing is in the $10's per square foot per year. The Provo submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $7 per sqft per year. That's a 29% decline in rent.

Provo Listing Supply

In the last 90 days, 38 listings have been listed, which means new listings are probably going fast. You'll want to be prepared to make an offer immediately. About 24% of the available space in the Provo are subleases, so you might be able to snag a great spot on a short term. 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 2,130 sqft. Most buildings in this region are approximately 2 stories. Most buildings in this market were built in 1996 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