Highlights
- The average rent for office space in Provo is $24.01 per square foot, 9.91% higher compared to the previous year.
- The market’s vacancy rate stands at 13.28%, lower than the state average of Utah, which is 19.43%.
2025 Office Space Rent & Sales
- $24.01 2025 Avg. Asking Rent
- 9.91% Y-o-Y Avg. Asking Rent Change
- 13.28% 2025 Office Vacancy Rate
What is the average asking rent price for office space in Provo?
Average asking rents for office space here stand at $24.01 per square foot. The local office market recorded an average vacancy rate of 13.28% in 2025, unchanged from 13.28% in 2024.
Provo, 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 Provo, UT
What are the largest recent office completions in Provo?
The largest recent office completion here is Jamestown Square Business and Professional Park at 115,410 square feet, completed in 1984. The next largest completions are 1055 N 300 W #104 and Shops at Riverwoods.
| Office building | Address | SF | Completed |
|---|---|---|---|
| Shops at Riverwoods | 4833 N Edgewood Dr, 84604 | 10,000 | 1997 |
| Country Club Court Building 3 | 2545 N Canyon Rd, 84604 | 8,286 | 1986 |
| 1055 N 300 W #104 | 1055 N 300 W #104, 84604 | 107,840 | 1985 |
| Jamestown Square Business and Professional Park | 3355 North University Avenue, 84604 | 115,410 | 1984 |
| 508 East 900 South | 508 E 900 S, 84606 | 3,500 | 1916 |
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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.