Most listings are in the $20's per square foot per year. The Salt Lake City submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $11 per sqft per year. That's a 29% decline in rent.
Compared to the rest of the Salt Lake City market, the Salt Lake City submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 1081 listings have been posted online, so you'll want to check back regularly for new listings. About 7% of the available space in the Salt Lake City are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 5,480 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are around 4 floors. Most buildings in this market were built in 1978 and are Class B.
Real time and historical data on commercial real estate listings in Salt Lake City.
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