2024 Office Space Rent & Sales
- $24.38 2024 Avg. Asking Rent
- 17.71% 2024 Office Vacancy Rate
Lehi office price per square foot in 2024 was $24.38 on average. The local office market recorded an average vacancy rate of 17.71% 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
- Lehi Class A & A+ Office Space$25.43
- Lehi Class B Office Space$22.43
- Utah Class A & A+ Office Space$28.05
- Utah Class B Office Space$24.56
- Utah Class C Office Space$18.40
Lehi, UT Office Asking Rents by Class
Office Spaces for Rent in Utah
Coworking Spaces in Utah
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2024 Office Construction in Lehi, UT
- Lehi, UT Total SF under construction in 2025 38,000
| Office building | Address | SF | Completed |
|---|---|---|---|
| 573 Sunrise Way | 573 Sunrise Way, 84003 | 23,154 | 2025 |
| Innovation Pointe - Building 3 | 1441 West Innovation Way, 84043 | 150,000 | 2021 |
| Innovation Pointe - Building 2 | 1557 West Innovation Way, 84043 | 150,000 | 2020 |
| Lehi Spectrum - Building 2 | 1550 West Digital Drive, 84043 | 125,000 | 2020 |
| Thanksgiving Station 2 | 1900 West Ashton Blvd, 84043 | 150,000 | 2019 |
| Lehi Tech Center 3rd Floor | 300 South 1350 East, 84043 | 15,446 | 2019 |
| Thanksgiving Station 5 | 2000 North Ashton Blvd, 84043 | 150,000 | 2018 |
| North Slope | 4100 North Chapel Ridge Road, 84043 | 146,512 | 2018 |
| Lehi Spectrum - Building 1 | 1650 West Digital Drive, 84043 | 132,000 | 2018 |
| Lone Peak Plaza | 2901 West Bluegrass Blvd, 84043 | 125,000 | 2018 |
Worth noting among recent office completions on the Lehi market is 573 Sunrise Way, which is currently the largest new office development in the city, at 23,154 square feet.
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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 Lehi 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.