West Valley City Office Rent Price & Sales Report

2024 Office Space Rent & Sales

  • $17.02 2024 Avg. Asking Rent
  • -1.06% Y-o-Y Avg. Asking Rent Change
  • 29.56% 2024 Office Vacancy Rate

West Valley City office price per square foot in 2024 was $17.02 on average. This marked a -1.06% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 29.56% 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

  • Utah Class A & A+ Office Space$28.05
  • Utah Class B Office Space$24.56
  • Utah Class C Office Space$18.40

West Valley City, UT Office Asking Rents by Class

2024 Office Vacancy Rates in West Valley City

Submarket Asking Rents Vacancy Rates
Taylorsville $22.00 16.97%
West Valley City $17.39 36.17%
Data provided by Yardi Research
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 West Valley City market was 29.56% in 2024. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in West Valley City was 16.97% in the Taylorsville submarket, while the highest office vacancy in the market was 36.17%, recorded in West Valley City.

Office Spaces for Rent in Utah

Coworking Spaces in Utah

2024 Office Construction in West Valley City, UT

Largest Office Properties Recently Completed in West Valley City
Office building Address SF Completed
4071 S 4000 W #2A 4071 S 4000 W #2A, 84120 9,500 2017
Lake Park Office Building 4625 W. Lake Park Blvd., 84120 96,132 2006
The Legacy at Lake Park I 4225 W. Lake Park Blvd., 84120 99,307 2000
The Legacy at Lake Park II 4255 W. Lake Park Blvd., 84120 99,159 2000
Parkway Center - 4897 West Lake Park Blvd 4897 West Lake Park Blvd, 84120 57,944 2000
Parkway Center - 2737 South Corporate Park Drive 2737 South Corporate Park Drive, 84120 72,120 1999
Lake Pointe Corporate Centre - 2875 South Decker Lake Drive 2875 South Decker Lake Drive, 84119 114,600 1998
Manufacturing and Office Building 1890 South 3850 West, 84104 57,330 1998
Manufacturing and Office Building 1890 South 3850 West, 84104 57,330 1998
2835 South Decker Lake Drive 2835 South Decker Lake Drive, 84119 87,298 1996

Worth noting among recent office completions on the West Valley City market is 4071 S 4000 W #2A, which is currently the largest new office development in the city, at 9,500 square feet.

Data provided by Yardi Research

See reports for other markets

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 Yardi Research Data, a market intelligence solution which offers comprehensive real market knowledge on all West Valley City 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 Yardi Research Data can guarantee that the information provided is complete.