Orem Retail

Orem

Office Space Market Report

Number of Listings (last 90 days)
29
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
1,530
As of: July 25, 2017

Orem Rates

The typical asking rate per listing is in the $20's per square foot per year. The Orem region is seeing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 4% decline in rent.

Orem Listing Supply

In the last 90 days, 29 listings have been made available, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. About 52% 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 posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,530 sqft. Most properties in this region 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