Central City Retail

Central City

Market Report

Number of Listings
Posted in the last 90 days
0
Median Rate ($/sqft/yr)
$30
Median Size (sqft)
6,520

Central City Rates

On average, listings lease in the $30's per square foot per year. The Central City region is experiencing a a boost in rates. In the last 3 months, the median rate went up $4 per sqft per year. That's a 14% increase in rent.

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

Central City Listing Supply

In the last 90 days, 173 listings have been made available, so you'll want to check back regularly for new listings. About 8% of the listings in the Central City are subleases, so you will probably have to consider a longer term lease. 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 6,520 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are approximately 3 stories. Most buildings in this region were built in 1978 and are Class B.

Central City Community

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 market. Commute by public transit is the most popular way to get to work amongst Central City occupants. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in Central City.
Research