Most listings are in the $20's per square foot per year. The Downtown Salt Lake City region is going through a decline in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 7% decline in rent.
Compared to the rest of the Salt Lake City market, the Downtown Salt Lake City submarket has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 49 listings have been made available, so you'll want to check back regularly for new listings. About 12% of the available leases in the Downtown Salt Lake City 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 posted, so finding a space for a small business might be tough.
Even though the median size is 5,710 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are approximately 6 stories. Most buildings in this market 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 market. 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.