On average, listings lease in the $20's per square foot per year. The Central City region is experiencing a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 9% decline in rent.
Compared to the rest of the Salt Lake City market, the Central City region has lower rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 173 listings have been listed, so you'll want to check back regularly for new listings. About 14% of the available leases in the Central City are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 4,790 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are around 3 floors. Most buildings in this region were built in 1978 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Commute by public transit is the most popular way to get to work amongst Central City residents. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Central City.
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