Cottonwood Heights Office Rent Price & Sales Report

2024 Office Space Rent & Sales

  • $28.95 2024 Avg. Asking Rent
  • -0.01% Y-o-Y Avg. Asking Rent Change
  • 18.70% 2024 Office Vacancy Rate

Cottonwood Heights office price per square foot in 2024 was $28.95 on average. This marked a -0.01% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 18.70% across all asset classes combined.

See how this market compares to the national average: U.S. office space rent & sales.

Average Rent by Office Class

2024 Average Office Rent per Square Foot

  • Utah Class A & A+ Office Space$28.05
  • Utah Class B Office Space$24.56
  • Utah Class C Office Space$18.40

Cottonwood Heights, UT Office Asking Rents by Class

2024 Office Vacancy Rates in Cottonwood Heights

Submarket Asking Rents Vacancy Rates
Cottonwood Heights $29.29 21.22%
Sandy - East $23.31 23.67%
Data provided by Commercial Edge
Submarket differences in factors such as property mix, degree of accessibility, and availability of amenities influence not only variation in office rent price, but also in vacancy rates. The overall office vacancy rate on the Cottonwood Heights market was 18.70% in 2024. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Cottonwood Heights was 21.22% in the Cottonwood Heights submarket, while the highest office vacancy in the market was 23.67%, recorded in Sandy - East.

Office Spaces for Rent in Utah

Coworking Spaces in Utah

Largest Office Properties Recently Completed in Cottonwood Heights
Office building Address SF Completed
Cornerstone I 2750 East Cottonwood Pkwy, 84121 160,841 2014
Old Mill Campus - Old Mill Corporate Center IV 6330 South 3000 East, 84121 208,296 2011
Old Mill Campus - Old Mill Corporate Center II 6340 South 3000 East, 84121 124,389 2001
Cottonwood Corporate 8 2755 E. Cottonwood Pkwy., 84121 136,560 2000
Cottonwood Corporate 9 2795 E. Cottonwood Pkwy., 84121 135,167 1999
Cottonwood Corporate Center - 2755 East Cottonwood Pkwy 2755 East Cottonwood Pkwy, 84121 136,560 1998
Cottonwood Corporate 10 2825 E. Cottonwood Pkwy., 84121 109,365 1998
Regence Building 2890 E. Cottonwood Pkwy, 84047 212,840 1997
Regence Building 2890 East Cottonwood Pkwy, 84121 212,840 1997
Cottonwood Corporate 11 2855 E. Cottonwood Pkwy., 84121 108,938 1997

Worth noting among recent office completions on the Cottonwood Heights market is Cornerstone I, which is currently the largest new office development in the city, at 160,841 square feet.

Data provided by Commercial Edge

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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Cottonwood Heights commercial properties sized 25,000 square feet or larger.

While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.