Central City Office Space

Central City

Office Space Market Report

Number of Listings (last 90 days)
32
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
3,000
As of: March 12, 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 $0 per sqft per year. That's a 0% increase in rent.

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

Central City Listing Supply

In the last 90 days, 32 listings have been made available, which means office spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 6% of the available leases in the Central City are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 3,000 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are around 3 stories. Most buildings in this region were built in 1979 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 region. Commute by public transit is the most popular way to get to work amongst Central City residents. Commuting approximately 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