Sandy Office Rent Price & Sales Report

2024 Office Space Rent & Sales

  • $24.35 2024 Avg. Asking Rent
  • 2.51% Y-o-Y Avg. Asking Rent Change
  • 18.02% 2024 Office Vacancy Rate

Sandy office price per square foot in 2024 was $24.35 on average. This marked a +2.51% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 18.02% across all asset classes combined.

See how this market compares to the national average: U.S. office space rent & sales.

Average Rent by Office Class

2024 Average Office Rent per Square Foot

  • Sandy Class A & A+ Office Space$23.98
  • Sandy Class B Office Space$25.29
  • Sandy Class C Office Space$20.00
  • Utah Class A & A+ Office Space$28.05
  • Utah Class B Office Space$24.56
  • Utah Class C Office Space$18.40

Sandy, UT Office Asking Rents by Class

Average office rent in Sandy rested at $24.35 per square foot in 2024. As would be expected, office rent price showed some variation from one asset class to another. As such, the asking rent for class A office space in Sandy averaged $23.98 per square foot. Across all submarkets, class B office space recorded an average asking rent of $25.29 per square foot. Meanwhile, assets encompassing class C office space saw asking rents of $20.00 per square foot, on average. Comparably, statewide Utah average office rents by class in 2024 were: $28.05 per square foot for class A office space; $24.56 per square foot for class B office space; $18.40 per square foot for class C office space.

2024 Office Vacancy Rates in Sandy

Submarket Asking Rents Vacancy Rates
Cottonwood Heights $29.29 21.22%
I-15 Corridor $26.66 25.79%
Sandy - East $23.31 23.67%
Data provided by Commercial Edge
Submarket differences in factors such as property mix, degree of accessibility, and availability of amenities influence not only variation in office rent price, but also in vacancy rates. The overall office vacancy rate on the Sandy market was 18.02% in 2024. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Sandy was 21.22% in the Cottonwood Heights submarket, while the highest office vacancy in the market was 25.79%, recorded in I-15 Corridor.

Office Spaces for Rent in Utah

Coworking Spaces in Utah

2024 Office Construction in Sandy, UT

Largest Office Properties Recently Completed in Sandy
Office building Address SF Completed
8327 S State St 8327 S State St, 84070 9,878 2021
8327 S State St 8327 S State St, 84070 9,878 2021
Sandy Towers East 111 East Sego Lily Drive, 84070 154,450 2017
Sandy Commerce Park 9450-9500 S. 300 W., 84070 120,958 2017
7927 South High Point Pkwy 7927 South High Point Pkwy, 84094 33,177 2013
High Point Freestanding Office Building 1220 E 7800 S, 84094 49,589 2011
High Point Freestanding Office Building 1220 E 7800 S, 84094 49,589 2011
Arbor Plaza 126 West Sego Lily Drive, 84070 68,843 2008
Kenner Building 8899 South 700 East, 84070 30,030 2007
South Towne Corporate Center - Building II 200 West Civic Center Drive, 84070 124,306 2006

Worth noting among recent office completions on the Sandy market is 8327 S State St, which is currently the largest new office development in the city, at 9,878 square feet.

Data provided by Commercial Edge

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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Sandy commercial properties sized 25,000 square feet or larger.

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 CommercialEdge can guarantee that the information provided is complete.