On average, listings lease in the $20's per square foot per year. The Sugar House region is going through a decline in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 17% decrease in rent.
Compared to the rest of the Salt Lake City market, the Sugar House submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 11 listings have been listed, which means leases might be leasing quickly. You'll want to be prepared to make an offer immediately. 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 4,380 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are approximately 3 floors. Most buildings in this market were built in 1984 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this market. Most of the folk of Sugar House work from home. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.