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Office Units with Outdoor Terraces
New
For Lease
$30 SF/Yr

545 E University Pkwy, Orem, UT 84097

Second-floor office space includes outdoor seating areas, with furniture available by negotiation.

Space Size3,718 SF
Days on Market3

Property Features for 545 E University Pkwy

General Information

Standard status Active
Size 3,718 SF
Net Rentable 3,718 SF
Property subtype Office
Lease Type Full Service

Space & Availability

Available Space 3,718 SF
Contiguous Space 3,718 SF
Floor 2

Lease Terms

Lease Rate $30 /USD/SF/YR
Monthly Rent $9,295
Rent per SF/Year $30

Amenities

terraces
outdoor seating areas
retail service amenities
on-site restaurants
Listing Agency: Salt Lake City - Millrock
Listed By: Brandon Fugal · License #5477023-SA00
Source: Colliers
Added: Oct 12 Changed: Oct 13 Last Checked: Oct 13 at 2:10AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Salt Lake City - Millrock

Investment Insights

Based on property information with market context.

Second-floor office space offers 3,718 square feet, with furniture negotiable and outdoor terraces that include seating areas. The property is adjacent to Costco and Trader Joe’s and includes an on-site housing development. Surrounding retail service amenities total 1.3 million square feet and include 30 restaurants.

BYU is 1.6 miles away, and UVU is 1.1 miles away.

Key Highlights

  • 3,718 square feet of second‑floor office space
  • Outdoor terraces with seating areas
  • Furniture negotiable

Property Analytics

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Current Use

AT&T Store Mobile Phone Store ZANDA Digital Advertising Agency Making Success Online ... Marketing & Advertising Auto-Owners Insurance Orem ... Financial Advisor Solex LLC High School

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Real Estate Agency Storage Facility Auto Repair Shop HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$4.50 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,984
Businesses Nearby

Demographics for 84097, UT

23,038
Population
7,237
Households
3.2
Avg Household Size
30
Median Age
50%
College-Educated
98%
High-School Grad
6.0 sq mi
ZIP Area
3,840
Density / Sq Mi
$97,034
Median Household Income
$34,536
Median Earnings
$1,414
Median Rent
$506,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Orem, UT

$13.61 /SF/Yr
Avg Asking Price
$6.59–$18 /SF/Yr
Price Range
6,708 SF
Avg Space Size

This space is priced 120% above the average of $13.61 /SF/Yr.

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Second-floor office space includes outdoor seating areas, with furniture available by negotiation.
Where is this office units located?
The property is located at 545 E University Pkwy Orem, UT.
What is the lease rate?
The lease rate is $30 SF/Yr.
What are key features of this property?
This property features: 3,718 square feet of second‑floor office space; Outdoor terraces with seating areas; Furniture negotiable
More about this property
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