Central City Office Space

Central City

Office Space Market Report

Number of Listings (last 90 days)
19
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
2,390
As of: December 10, 2016

Central City Rates

On average, listings lease in the $20's per square foot per year. The Central City submarket is seeing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 3% decline 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 discounted submarket.

Central City Listing Supply

In the last 90 days, 19 listings have come on the market, which means new availabilities might be going fast. You'll want to be prepared to make an offer immediately. About 5% of the listings in the Central City are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,390 sqft. Most properties in this area are approximately 4 stories. Most buildings in this area 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 residents. Commuting close to 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