Highlights
- The average rent for office space in Salt Lake City is $27.68 per square foot, 1.76% lower compared to the previous year.
- The market’s vacancy rate stands at 20.14%, higher than the state average of Utah, which is 19.43%.
- Renting Class A/A+ office space here costs $33.80 per square foot, while Class B averages $24.99 and Class C stands at $16.96.
2025 Office Space Rent & Sales
- $27.68 2025 Avg. Asking Rent
- -1.76% Y-o-Y Avg. Asking Rent Change
- 20.14% 2025 Office Vacancy Rate
- $142.4M2025 Total Office Sales
- $73.37Avg. Sale Price/SF
What is the average asking rent price for office space in Salt Lake City?
Average asking rents for office space here stand at $27.68 per square foot. The local office market recorded an average vacancy rate of 20.14% in 2025, unchanged from 20.14% in 2024.
Office transactions in the local market in 2025 totaled a sales volume of $142.4M across 11 sales. These transactions commanded an average sale price per square foot of $73.37.
Salt Lake City, UT Office Asking Rents by Class
What is the average office rent per square foot by property class in Salt Lake City?
- Avg. Asking Rent Class A & A+$33.80
- Avg. Asking Rent Class B$24.99
- Avg. Asking Rent Class C$16.96
The average asking rent for Class A and A+ office space stood at $33.80 per square foot, indicating the best — and most expensive — that the market has to offer.
Class B space in Salt Lake City averaged $24.99 per square foot, while the average for Class C space was $16.96 per square foot.
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.
Salt Lake City, UT Office Indicators by Submarket
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Cottonwood Heights | $30.75 | 15.67% |
| Salt Lake City - Central Business District | $30.35 | 21.11% |
| Lehi | $27.30 | 14.72% |
| Salt Lake City - South | $27.00 | 20.13% |
| Salt Lake City - North | $26.42 | 27.94% |
| Salt Lake City - West Central | $26.17 | 23.85% |
| Murray | $25.67 | 11.90% |
| Sandy - East | $25.40 | 24.10% |
| Salt Lake City - University | $24.00 | 0.68% |
| Salt Lake City - East Central | $22.32 | 25.93% |
| Salt Lake City - Southeast | $22.01 | 3.53% |
| Taylorsville | $20.12 | 16.80% |
| West Valley City | $19.99 | 35.89% |
| Holladay - Millcreek | $17.54 | 5.24% |
Office Construction in Salt Lake City, UT
What are the largest recent office completions in Salt Lake City?
The largest recent office completion here is 95 State @ City Creek at 537,000 square feet, completed in 2022. The next largest completions are 95 State at City Creek and 53rd Center - Building 2.
| Office building | Address | SF | Completed |
|---|---|---|---|
| Beltway West - Building 2 | 4237 South 2700 West, 84129 | 30,842 | 2024 |
| 95 State @ City Creek | 95 South State Street, 84111 | 537,000 | 2022 |
| 53rd Center - Building 2 | 433 W. Ascension Way, 84123 | 216,000 | 2022 |
| 95 State at City Creek | 95 South State Street, 84111 | 514,074 | 2021 |
| Oakland Creative/Tech Office | 158 W Oakland Ave, 84115 | 3,136 | 2021 |
| 428 - 436 W. 4800 S. | 428 - 436 W. 4800 S., 84123 | 13,315 | 2020 |
| 160 W 900 S | 160 W 900 S, 84101 | 8,127 | 2019 |
| Center 53 | 434 West Ascension Way, 84123 | 199,320 | 2017 |
| 3702 South State Street | 3702 South State Street, 84115 | 53,276 | 2017 |
| 2080 South Industrial Road | 2080 South Industrial Road, 84104 | 167,342 | 2014 |
See reports for other markets
- Lehi Office Rent Price
- South Jordan Office Rent Price
- Draper Office Rent Price
- Murray Office Rent Price
- Provo Office Rent Price
- Sandy Office Rent Price
- Ogden Office Rent Price
- Orem Office Rent Price
- West Valley City Office Rent Price
- Midvale Office Rent Price
- Cottonwood Heights Office Rent Price
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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.