On average, listings lease in the $20's per square foot per year. The Sugar House submarket is seeing a a rise in rates. In the last 3 months, the median rate increased $4 per sqft per year. That's a 18% rise in rent.
Compared to the rest of the Salt Lake City market, the Sugar House submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 17 listings have been posted online, which means new availabilities might be going fast. You'll want to be prepared to tour spaces as quick as possible. 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 1,200 sqft. Most properties in this region are around 3 floors. Most buildings in this area 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 region. 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.