Provo Retail

Provo

Office Space Market Report

Number of Listings (last 90 days)
37
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
9,320
As of: July 25, 2017

Provo Rates

The typical asking rate per listing is in the $10's per square foot per year. The Provo submarket is going through a decrease in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 19% decrease in rent.

Provo Listing Supply

In the last 90 days, 37 listings have been posted online, which means new listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 51% of the office spaces 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 available, so finding a space for a small business might be tough.

Even though the median size is 9,320 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region 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