On average, listings lease in the $20's per square foot per year. The Central City submarket is going through a a rise in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 11% increase in rent.
Compared to the rest of the Salt Lake City market, the Central City submarket has less expensive rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 32 listings have been listed, which means listings are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 6% of the available space in the Central City are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 2,790 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are around 3 stories. Most buildings in this area were built in 1979 and are Class B.
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 close to 15 minutes a day is the norm for those who opt to reside in this part of town.