Most listings are in the $30's per square foot per year. The Rio Grande region is going through a an increase in rates. In the last 3 months, the median rate rose $8 per sqft per year. That's a 34% rise in rent.
Compared to the rest of the Salt Lake City market, the Rio Grande region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 23 listings have been made available, which means office spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 30% of the listings in the Rio Grande 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.
Even though the median size is 7,020 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are around 7 stories. Most buildings in this region were built in 1950 and are Class B.
Information is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Rio Grande residents. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.