2023 Office Space Rent & Sales
- $29.06 2023 Avg. Asking Rent
- -0.03% Y-o-Y Avg. Asking Rent Change
- 9.73% 2023 Office Vacancy Rate
Lehi office price per square foot in 2023 was $29.06 on average. This marked a -0.03% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 9.73% across all asset classes combined.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- Lehi Class A & A+ Office Space$29.06
- Utah Class A & A+ Office Space$28.50
- Utah Class B Office Space$23.99
- Utah Class C Office Space$25.92
Lehi, UT Office Asking Rents by Class
Coworking Spaces in Utah
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2023 Office Construction in Lehi, UT
Office building | Address | SF | Completed |
---|---|---|---|
Willow Park Medical Center - Building B | 2135 West Main Street, 84043 | 33,000 | 2022 |
Lehi Spectrum - Building 2 | 1550 West Digital Drive, 84043 | 125,000 | 2020 |
Thanksgiving Station 2 | 1900 West Ashton Blvd, 84043 | 150,000 | 2019 |
Lehi Tech Park | 300 South 1350 East, 84043 | 64,189 | 2019 |
North Slope | 4100 North Chapel Ridge Road, 84043 | 146,512 | 2018 |
2000 W Ashton Blvd | 2000 W Ashton Blvd, 84043 | 54,022 | 2017 |
1300 West Traverse Pkwy | 1300 West Traverse Pkwy, 84043 | 206,729 | 2016 |
Traverse Mountain Office - Ancestry | 1300 W. Traverse Pkwy, 84043 | 205,000 | 2016 |
2600 North Ashton Blvd | 2600 North Ashton Blvd, 84043 | 150,000 | 2016 |
Thanksgiving Station 4 | 2801 North Thanksgiving Way, 84043 | 148,580 | 2016 |
Worth noting among recent office completions on the Lehi market is Willow Park Medical Center - Building B, which is currently the largest new office development in the city, at 33,000 square feet.
See reports for other markets
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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 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Lehi 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.