Central City Commercial Real Estate

252 Broadway - Space Central City, Salt Lake City, UT excludes janitorial
Jun 01
3,200
sqft
Office Medical Retail

Central City

Market Report

Number of Listings
Posted in the last 90 days
14
Median Rate ($/sqft/yr)
$30
Median Size (sqft)
6,520

Central City Rates

The typical asking rate per listing is in the $20's per square foot per year. The Central City submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 2% 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 depreciated region.

Central City Listing Supply

In the last 90 days, 173 listings have been listed, so you'll want to check back regularly for new listings. About 9% of the available space in the Central City are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 6,520 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are around 3 stories. Most buildings in this area 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 area. 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