Highlights
- The average rent for office space in Draper is $25.50 per square foot, 4.73% lower compared to the previous year.
- The market’s vacancy rate stands at 29.07%, higher than the state average of Utah, which is 19.43%.
2025 Office Space Rent & Sales
- $25.50 2025 Avg. Asking Rent
- -4.73% Y-o-Y Avg. Asking Rent Change
- 29.07% 2025 Office Vacancy Rate
- $3.6M2025 Total Office Sales
- $141.05Avg. Sale Price/SF
What is the average asking rent price for office space in Draper?
Average asking rents for office space here stand at $25.50 per square foot. The local office market recorded an average vacancy rate of 29.07% in 2025, unchanged from 29.07% in 2024.
Office transactions in the local market in 2025 totaled a sales volume of $3.6M across 8 sales. These transactions commanded an average sale price per square foot of $141.05.
Draper, UT Office Asking Rents by Class
What is the average office rent per square foot by property class in UT?
- Avg. Asking Rent Class A & A+$28.35
- Avg. Asking Rent Class B$24.04
- Avg. Asking Rent Class C$17.00
For comparison, the average rent for Class A and A+ office space in Utah was $28.35 per square foot. The state-wide average for Class B space was $24.04 per square foot, and Class C office spaces averaged $17.00 per square foot.
Draper, UT Office Indicators by Submarket
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| I-15 Corridor | $26.21 | 19.49% |
| Sandy - East | $25.40 | 24.10% |
Office Construction in Draper, UT
What are the largest recent office completions in Draper?
The largest recent office completion here is Pluralsight Headquarters at 348,251 square feet, completed in 2020. The next largest completions are Irvine Office Park - Building 1 and 136 Center II.
| 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 |
| 136 Center II | 13697 S. 200 W., 84020 | 162,823 | 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 |
| 12481 S Fort Street - Suite 150 - Draper, UT 84020 | 12481 S Fort St, 150, 84020 | 18,868 | 2016 |
| The Pointe VI | 25 East Scenic Pointe Drive, 84020 | 123,088 | 2013 |
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Disclaimer
All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.
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.