People's Freeway Industrial

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People's Freeway

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 20, 2016

People's Freeway Rates

Most listings are in the $20's per square foot per year. The People's Freeway submarket is seeing a a boost in rates. In the last 3 months, the median rate rose $10 per sqft per year. That's a 76% increase in rent.

Compared to the rest of the Salt Lake City market, the People's Freeway region has higher rates, and you'll need to pay a premium to be in this hot region.

People's Freeway Listing Supply

In the last 90 days, 3 listings have been posted online, which means leases most likley are leasing quickly. You'll want to be prepared to make an offer immediately. 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 1,690 sqft. Most buildings in this area are around 2 floors. Most buildings in this area were built in 1975 and are Class C.

People's Freeway Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this market. Commute by motorcycle is the most popular way to get to work amongst People's Freeway folk. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.