Draper Office Rent Price & Sales Report

2024 Office Space Rent & Sales

  • $26.77 2024 Avg. Asking Rent
  • 0.55% Y-o-Y Avg. Asking Rent Change
  • 36.47% 2024 Office Vacancy Rate

Draper office price per square foot in 2024 was $26.77 on average. This marked a +0.55% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 36.47% 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

Draper, UT Office Asking Rents by Class

2024 Office Vacancy Rates in Draper

Submarket Asking Rents Vacancy Rates
I-15 Corridor $26.66 25.79%
Sandy - East $23.31 23.67%
Data provided by Yardi Research
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 36.47% in 2024. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Draper was 23.67% in the Sandy - East submarket, while the highest office vacancy in the market was 25.79%, recorded in I-15 Corridor.

Office Spaces for Rent in Utah

Coworking Spaces in Utah

2024 Office Construction in Draper, UT

Largest Office Properties Recently Completed in Draper
Office building Address SF Completed
Draper Innovation Center Building B 265 W. 12388 S., 84020 36,934 2022
Offices on Fort 12587 S Fort St, 84020 3,573 2022
Pluralsight Headquarters 42 Future Way, 84020 348,251 2020
Irvine Office Park - Building 1 344 West 13800 South, 84020 180,000 2020
13894 South Bangerter Pkwy 13894 South Bangerter Pkwy, 84020 25,200 2017
Parkway Crossing 13894 South Bangerter Pkwy, 84020 24,492 2017
The Pointe I 38 East Scenic Pointe Drive, 84020 75,000 2016
The Pointe VI 25 East Scenic Pointe Drive, 84020 123,088 2013
11910 S State St 11910 S State St, 84020 14,376 2013
The Interchange at South Valley 67 West 13490 South, 84020 120,960 2012

Worth noting among recent office completions on the Draper market is Draper Innovation Center Building B, which is currently the largest new office development in the city, at 36,934 square feet.

Data provided by Yardi Research

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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 Yardi Research Data, 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 Yardi Research Data can guarantee that the information provided is complete.