Provo Retail

Provo

Office Space Market Report

Number of Listings (last 90 days)
37
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 $10's per square foot per year. The Provo submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $4 per sqft per year. That's a 25% increase in rent.

Provo Listing Supply

In the last 90 days, 37 listings have been listed, which means new availabilities are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 62% of the available leases 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 available, so finding a space for a small business might be tough.

Even though the median size is 4,150 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are approximately 2 floors. 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