On average, listings lease in the $90's per square foot per year. The Rio Grande region is going through a a boost in rates. In the last 3 months, the median rate went up $4 per sqft per year. That's a 5% rise in rent.
Compared to the rest of the Salt Lake City market, the Rio Grande submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 462 listings have come on the market, so you'll want to check back regularly for new listings. About 11% of the available space in the Rio Grande are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 200 sqft. Most buildings in this area are approximately 7 floors. Most buildings in this area were built in 1927 and are Class B.
Information is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Rio Grande occupants. Commuting around 30 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 Rio Grande.
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