Office

The Interchange Building II

the interchange building ii, draper, UT 84020

Price

Price on request

Price/Sq Ft

$23.50

Description

Draper Office for Lease with Furniture Excellent Class A office for lease with the lowest rates in Draper.

Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.

Location

the interchange building ii, draper, UT 84020

Leaflet © OpenStreetMap contributors

Financial Details

Lease TypeFull Service

Market Context

As of Q1 2026, the Salt Lake City office market showed a 0.7% vacancy rate, and rents up 1.7% year over year. Source: Cushman & Wakefield Q1 2026 market report.

Projected current pricing

low confidence

Projected asking rent

$26.82/SF/yr

Estimated sale value

$186–$242/SF

Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q3 2025 Newmark data (cap rate 6.6%, asking rent held flat).

View the full Salt Lake City Office market report →

Rising rents point to a competitive market where well-priced, well-located space leases quickly.

Compare it against other office listings for lease in Draper, UT to benchmark pricing and space — view the full market.

Office market FAQ

Is the Salt Lake City office market tightening or softening?: Vacancy is around 0.7%, with asking rents rising year over year (Q1 2026).

Unified Estimate

Low Confidence

$19.98/SF/mo-$27.03/SF/mo

Mid: $23.50/SF/mo

Rate estimator only; cost-of-business estimate unavailable.

Lease Rate & Market Trend

Market report quarterly trend fallback

Low Confidence

Avg Rent ($/SF/mo) (market data)
Vacancy %

Market asking rent (quarterly avg)Vacancy rate (right axis)

Investment Analysis

Beta Feature: Investment Analysis is currently in beta testing. Metrics are calculated based on available financial data and market comparables. Results are for informational purposes and should not be considered financial advice. Verify all assumptions and consult with a financial advisor before making investment decisions.