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