On average, listings lease in the $20's per square foot per year. The Rio Grande region is experiencing a decline in rates. In the last 3 months, the median rate fell $6 per sqft per year. That's a 20% decline in rent.
Compared to the rest of the Salt Lake City market, the Rio Grande region has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 59 listings have been posted online, so you'll want to check back regularly for new listings. About 7% of the available leases in the Rio Grande are subleases, so you will probably have to focus your search on direct office leases. 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 4,550 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are approximately 7 floors. Most buildings in this region were built in 1950 and are Class B.
Information is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Rio Grande occupants. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.