Central City Office Space

Central City

Office Space Market Report

Number of Listings (last 90 days)
32
Median Rate ($/sqft/yr)
$29
Median Size (sqft)
3,160
As of: July 23, 2017

Central City Rates

The typical asking rate per listing is in the $20's per square foot per year. The Central City submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 10% increase in rent.

Compared to the rest of the Salt Lake City market, the Central City region has lower rates, so you should have no trouble finding a great deal in this depreciated region.

Central City Listing Supply

In the last 90 days, 32 listings have been listed, which means office spaces might be going fast. You'll want to be prepared to make an offer immediately. About 66% of the listings in the Central City 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 available, so finding a space for a small business might be tough.

Even though the median size is 3,160 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are approximately 3 floors. Most buildings in this market were built in 1978 and are Class B.

Central City Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this area. Commute by public transit is the most popular way to get to work amongst Central City occupants. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Central City.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Central City.
Research