Highlights
- The average rent for office space in Murray is $26.02 per square foot, 7.32% higher compared to the previous year.
- The market’s vacancy rate stands at 12.54%, lower than the state average of Utah, which is 19.43%.
2025 Office Space Rent & Sales
- $26.02 2025 Avg. Asking Rent
- 7.32% Y-o-Y Avg. Asking Rent Change
- 12.54% 2025 Office Vacancy Rate
What is the average asking rent price for office space in Murray?
Average asking rents for office space here stand at $26.02 per square foot. The local office market recorded an average vacancy rate of 12.54% in 2025, unchanged from 12.54% in 2024.
Murray, 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.
Murray, UT Office Indicators by Submarket
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Salt Lake City - South | $27.00 | 20.13% |
| Murray | $25.67 | 11.90% |
| Taylorsville | $20.12 | 16.80% |
Office Construction in Murray, UT
What are the largest recent office completions in Murray?
The largest recent office completion here is 53rd Center - Building 2 at 216,000 square feet, completed in 2022. The next largest completions are Center 53 and 392 Commerce.
| Office building | Address | SF | Completed |
|---|---|---|---|
| 53rd Center - Building 2 | 433 W. Ascension Way, 84123 | 216,000 | 2022 |
| 428 - 436 W. 4800 S. | 428 - 436 W. 4800 S., 84123 | 13,315 | 2020 |
| Center 53 | 434 West Ascension Way, 84123 | 199,320 | 2017 |
| 308 East 4500 South | 308 East 4500 South, 84107 | 29,024 | 2002 |
| Mountain View Corporate I | 756 E. Winchester St., 84107 | 78,169 | 2000 |
| Forest Creek Plaza | 5882 S 900 E, 84121 | 8,415 | 1998 |
| 392 Commerce | 392 E. Winchester St., 84107 | 82,146 | 1993 |
| Independence Square - Washington & Independence Hall | 151 East 5600 South, 84107 | 49,533 | 1990 |
| Independence Square - Jefferson Mansion | 141 East 5600 South, 84107 | 30,053 | 1989 |
| Cloverland Office Building | 5242 South College Drive, 84123 | 36,921 | 1986 |
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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.