The typical asking rate per listing is in the $20's per square foot per year. The Downtown Salt Lake City region is experiencing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 3% decrease in rent.
Compared to the rest of the Salt Lake City market, the Downtown Salt Lake City region has less expensive rates, so you should have no trouble finding a great deal in this discounted region.
In the last 90 days, 63 listings have been posted online, so you'll want to check back regularly for new listings. About 13% of the office spaces in the Downtown Salt Lake City are subleases, so you might be able to snag a great spot on a short term. 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 3,000 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this area are approximately 6 stories. Most buildings in this region were built in 1975 and are Class B.
A large portion of this area is residential, but there's plenty of office_space. Health care is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Downtown Salt Lake City folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.