Orem North Sublease

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Orem North

Office Space Market Report

Number of Listings (last 90 days)
15
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
1,950
As of: December 2, 2016

Orem North Rates

Most listings are in the $10's per square foot per year. The Orem North submarket 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 North Listing Supply

In the last 90 days, 4 listings have been posted online, which means listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. 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 3,750 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are close to 2 floors. Most buildings in this market were built in 2002 and are Class B.

Orem North Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Agriculture is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Orem North residents. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Orem North.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Orem North.
Research