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% |
Office Spaces for Rent in Utah
- Salt Lake City Office Space
- Draper Office Space
- Lehi Office Space
- 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
- Houston Coworking Space
- Los Angeles Coworking Space
- Dallas Coworking Space
- Denver Coworking Space
- San Francisco Coworking Space
- San Diego Coworking Space
- Las Vegas Coworking Space
- Austin Coworking Space
- Phoenix Coworking Space
- San Antonio Coworking Space
- Irvine Coworking Space
- Salt Lake City Coworking Space
- 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
| 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.
See reports for other markets
- Salt Lake City Office Rent Price
- Murray Office Rent Price
- Lehi Office Rent Price
- Provo Office Rent Price
- West Valley City Office Rent Price
- Sandy Office Rent Price
- Seattle Office Rent Price
- San Diego Office Rent Price
- Chicago Office Rent Price
- San Antonio Office Rent Price
- Charlotte Office Rent Price
- Dallas Office Rent Price
- Denver Office Rent Price
- Washington Office Rent Price
- San Francisco Office Rent Price
- 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.