The typical asking rate per listing is in the $30's per square foot per year. The Capitol Hill region is experiencing a a boost in rates. In the last 3 months, the median rate increased $38 per sqft per year.
Compared to the rest of the Salt Lake City market, the Capitol Hill region has more expensive rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 0 listings have been listed, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. About Inf% of the listings in the Capitol Hill 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 available, so finding a space for a small business might be tough.
Even though the median size is 20,000 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this area are close to 5 floors. Most buildings in this region were built in 1999 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Capitol Hill folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.