On average, listings lease in the $30's per square foot per year. The Downtown Salt Lake City region is going through a an increase in rates. In the last 3 months, the median rate rose $4 per sqft per year. That's a 14% rise in rent.
Compared to the rest of the Salt Lake City market, the Downtown Salt Lake City submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 111 listings have been made available, so you'll want to check back regularly for new listings. About 6% of the listings in the Downtown Salt Lake 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 available, so finding a space for a small business might be tough.
Even though the median size is 2,670 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are approximately 6 stories. Most buildings in this area were built in 1975 and are Class B.
A large portion of this market is residential, but there's plenty of office_space. Health care is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Downtown Salt Lake City occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.