The typical asking rate per listing is in the $20's per square foot per year. The Liberty Wells submarket is seeing a an increase in rates. In the last 3 months, the median rate increased $8 per sqft per year. That's a 43% increase in rent.
Compared to the rest of the Salt Lake City market, the Liberty Wells region has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 0 listings have been listed, which means office spaces might be going fast. You'll want to be prepared to make an offer immediately. About Inf% of the available leases in the Liberty Wells 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.
The standard measurement for office space in this area is around 1,200 sqft. Most buildings in this region are around 3 floors. Most buildings in this market were built in 1963 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this area. Most of the residents of Liberty Wells work from home. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.