Orem Sublease

Orem

Office Space Market Report

Number of Listings (last 90 days)
29
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
2,270
As of: March 29, 2017

Orem Rates

Most listings are in the $10's per square foot per year. The Orem region is going through a decrease in rates. In the last 3 months, the median rate decreased $4 per sqft per year. That's a 20% decline in rent.

Orem Listing Supply

In the last 90 days, 29 listings have been made available, which means new availabilities are probably going fast. You'll want to be prepared to make an offer immediately. About 7% of the available leases in the Orem are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,260 sqft. Most properties in this market are close to 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