Salt Lake City Retail

Salt Lake City

Market Report

Number of Listings
Posted in the last 90 days
128
Median Rate ($/sqft/yr)
$28
Median Size (sqft)
1,940

Salt Lake City Rates

On average, listings lease in the $30's per square foot per year. The Salt Lake City region is going through a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 7% decrease in rent.

Compared to the rest of the Salt Lake City market, the Salt Lake City submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued submarket.

Salt Lake City Listing Supply

In the last 90 days, 1081 listings have come on the market, so you'll want to check back regularly for new listings. About 10% of the available leases in the Salt Lake City are subleases, so you will probably have to consider a longer term 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 2,890 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are approximately 4 stories. Most buildings in this market were built in 1978 and are Class B.

Salt Lake City Community

Market Data

Real time and historical data on commercial real estate listings in Salt Lake City.
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