On average, listings lease in the $10's per square foot per year. The Liberty Wells submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $26 per sqft per year. That's a 58% decline in rent.
Compared to the rest of the Salt Lake City market, the Liberty Wells submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated 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 tour spaces as quick as possible. About Inf% of the listings in the Liberty Wells 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.
The standard measurement for office space in this area is around 1,200 sqft. Most properties in this area are approximately 3 stories. Most buildings in this area 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 region. Most of the folk 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.