Highlights
- The average rent for office space in Orem is $21.57 per square foot, 14.42% lower compared to the previous year.
- The market’s vacancy rate stands at 37.31%, higher than the state average of Utah, which is 19.43%.
2025 Office Space Rent & Sales
- $21.57 2025 Avg. Asking Rent
- -14.42% Y-o-Y Avg. Asking Rent Change
- 37.31% 2025 Office Vacancy Rate
What is the average asking rent price for office space in Orem?
Average asking rents for office space here stand at $21.57 per square foot. The local office market recorded an average vacancy rate of 37.31% in 2025, unchanged from 37.31% in 2024.
Orem, 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.
Office Construction in Orem, UT
What are the largest recent office completions in Orem?
The largest recent office completion here is Canyon Park Technology Center - G & H at 170,524 square feet, completed in 1989. The next largest completions are Canyon Park Technology Center - A, B, & C and Canyon Park Technology Center - D, E, & F.
| Office building | Address | SF | Completed |
|---|---|---|---|
| Rural Power & Light | 1358 West Business Park Drive, 84058 | 17,000 | 1998 |
| Bristol Park 1 | 943-949 S. Orem Blvd, 84058 | 1,920 | 1998 |
| Troon Office Park | 574-584 S. State St., 84058 | 38,000 | 1996 |
| Canyon Park Technology Center - G & H | 505 Timpanogos Circle, 84097 | 170,524 | 1989 |
| Canyon Park Technology Center - D, E, & F | 1593 North Technology Way, 84097 | 120,206 | 1989 |
| Canyon Park Technology Center - J | 1401 North Research Way, 84097 | 57,543 | 1989 |
| Canyon Park Technology Center - A, B, & C | 1501 North Technology Way, 84097 | 149,800 | 1987 |
| Central Park East | 1815 South State, 84097 | 32,435 | 1978 |
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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.