Provo Retail

Provo

Office Space Market Report

Number of Listings (last 90 days)
37
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
3,560
As of: May 25, 2017

Provo Rates

Most listings are in the $10's per square foot per year. The Provo submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 11% decline in rent.

Provo Listing Supply

In the last 90 days, 37 listings have come on the market, which means office spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 22% of the available leases in the Provo 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 3,200 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are around 2 stories. Most buildings in this market 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