The typical asking rate per listing is in the $10's per square foot per year. The Jordan Meadows region is seeing a decline in rates. In the last 3 months, the median rate fell $9 per sqft per year. That's a 31% decline in rent.
Compared to the rest of the Salt Lake City market, the Jordan Meadows submarket has lower rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 48 listings have come on the market, so you'll want to check back regularly for new listings. About 10% of the listings in the Jordan Meadows 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 16,000 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are close to 2 stories. Most buildings in this market were built in 1981 and are Class C.
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 taxi is the most popular way to get to work amongst Jordan Meadows folk. Commuting around 10 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 Jordan Meadows.
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