Highlights
- The average rent for office space in Lehi is $27.25 per square foot, 11.76% higher compared to the previous year.
- The market’s vacancy rate stands at 14.77%, lower than the state average of Utah, which is 19.43%.
2025 Office Space Rent & Sales
- $27.25 2025 Avg. Asking Rent
- 11.76% Y-o-Y Avg. Asking Rent Change
- 14.77% 2025 Office Vacancy Rate
What is the average asking rent price for office space in Lehi?
Average asking rents for office space here stand at $27.25 per square foot. The local office market recorded an average vacancy rate of 14.77% in 2025, unchanged from 14.77% in 2024.
Lehi, 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.
2025 Office Construction in Lehi, UT
- Lehi, UT Total SF completed in 2025 38,000
How much office space was built in Lehi in 2025?
What are the largest recent office completions in Lehi?
The largest recent office completion here is Traverse Ridge Center II at 153,168 square feet, completed in 2016. The next largest completions are Thanksgiving Station 2 and Triumph Center V.
| Office building | Address | SF | Completed |
|---|---|---|---|
| 573 W Sunrise Way | 573 W Sunrise Way, 84048 | 23,154 | 2025 |
| 3668 W 2150 N Ste 100 | 3668 W 2150 N Ste 100, 84048 | 12,056 | 2025 |
| Thanksgiving Station 2 | 1900 West Ashton Blvd, 84043 | 150,000 | 2019 |
| Triumph Center V | 2000 W. Ashton Blvd, 84043 | 150,000 | 2018 |
| 4101 North Thanksgiving Way | 4101 North Thanksgiving Way, 84043 | 72,116 | 2018 |
| Traverse Ridge Center II | 3451 North Triumph Blvd, 84043 | 153,168 | 2016 |
| 2600 North Ashton Blvd | 2600 North Ashton Blvd, 84043 | 150,000 | 2016 |
| Thanksgiving Station 4 | 2801 North Thanksgiving Way, 84043 | 148,580 | 2016 |
| Lehi Station - 2901 North Ashton Blvd | 2901 North Ashton Blvd, 84043 | 139,088 | 2016 |
| 3333 North Digital Drive | 3333 North Digital Drive, 84043 | 68,000 | 2016 |
See reports for other markets
- Salt Lake City Office Rent Price
- South Jordan Office Rent Price
- Draper Office Rent Price
- Murray Office Rent Price
- Provo Office Rent Price
- Orem Office Rent Price
- Sandy Office Rent Price
- West Valley City Office Rent Price
- Midvale Office Rent Price
- Cottonwood Heights Office Rent Price
- Lindon Office Rent Price
- San Diego Office Rent Price
- Denver Office Rent Price
- Manhattan Office Rent Price
- Houston Office Rent Price
- Phoenix Office Rent Price
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.