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Draper Office Rent Price & Sales Report

2022 Office Space Rent & Sales

  • $27.92 2022 Avg. Asking Rent
  • 4.71% Y-o-Y Avg. Asking Rent Change
  • 29.30% 2022 Office Vacancy Rate

Draper office price per square foot in 2022 was $27.92 on average. This marked a +4.71% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 29.30% across all asset classes combined.

Average Rent by Office Class

2022 Average Office Rent per Square Foot

  • Draper Class A & A+ Office Space$27.96
  • Draper Class B Office Space$23.50
  • Utah Class A & A+ Office Space$28.24
  • Utah Class B Office Space$23.25
  • Utah Class C Office Space$17.72

Draper, UT Office Asking Rents by Class

2022 Office Vacancy Rates in Draper

Submarket Asking Rents Vacancy Rates
I-15 Corridor $26.75 22.33%
Sandy - East $24.33 18.18%
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 Draper market was 29.30% in 2022. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Draper was 18.18% in the Sandy - East submarket, while the highest office vacancy in the market was 22.33%, recorded in I-15 Corridor.

Office Spaces for Rent in Utah

  • Salt Lake City Office Space
  • Draper Office Space
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  • Ogden Office Space
  • Provo Office Space
  • Sandy Office Space
  • West Valley City Office Space
  • South Jordan Office Space
  • Orem Office Space
  • Midvale Office Space
  • Layton Office Space
  • Bountiful Office Space
  • Logan Office Space
  • West Jordan Office Space
  • Pleasant Grove Office Space

Coworking Spaces in Utah

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  • Phoenix Coworking Space
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  • Irvine Coworking Space
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  • Scottsdale Coworking Space
  • Plano Coworking Space
  • Albuquerque Coworking Space
  • San Jose Coworking Space
  • Fort Worth Coworking Space
  • Colorado Springs Coworking Space
  • Tucson Coworking Space
  • Boulder Coworking Space
  • Santa Monica Coworking Space
  • Tempe Coworking Space
  • Reno Coworking Space
  • Sandy Coworking Space
  • Ogden Coworking Space
  • St. George Coworking Space
  • Provo Coworking Space
  • Glendale Coworking Space

2022 Office Construction in Draper, UT

Largest Office Properties Recently Completed in Draper
Office building Address SF Completed
Offices on Fort 12587 South Fort Street, 84020 3,573 2022
Offices on Fort 12587 S Fort St, 84020 3,573 2022
Offices on Fort 12587 S Fort St, 84020 3,573 2022
Pluralsight Headquarters 42 Future Way, 84020 348,251 2020
Irvine Office Park - Bldg. 1 344 W. 13800 S., 84020 180,000 2020
Divvy HQ 13707 South 200 West, 84020 150,000 2020
Minuteman Office Plaza 5 13907 South Minuteman Drive, 84020 125,000 2020
13894 South Bangerter Pkwy 13894 South Bangerter Pkwy, 84020 25,000 2017
Vista Station - 12884 South Frontrunner Blvd 12884 South Frontrunner Blvd, 84020 125,000 2016
Vista Station - 12936 South Frontrunner Blvd 12936 South Frontrunner Blvd, 84020 126,346 2015

Worth noting among recent office completions on the Draper market is Offices on Fort, which is currently the largest new office development in the city, at 3,573 square feet.

Data provided by Commercial Edge

See reports for other markets

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  • Atlanta Office Rent Price

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 2022 through December 31st 2022. Construction pipeline data represented herein is valid as of April 2023. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Draper 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.

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