On average, listings lease in the $20's per square foot per year. The Salt Lake City submarket is seeing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 5% decrease in rent.
Compared to the rest of the Salt Lake City market, the Salt Lake City region has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 92 listings have been listed, so you'll want to check back regularly for new listings. About 9% of the listings in the Salt Lake City 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 posted, so finding a space for a small business might be tough.
Even though the median size is 3,980 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are around 5 stories. Most buildings in this market were built in 1980 and are Class B.