The typical asking rate per listing is in the $30's per square foot per year. The Downtown Salt Lake City region is experiencing a a boost in rates. In the last 3 months, the median rate increased $1 per sqft per year. That's a 4% rise in rent.
Compared to the rest of the Salt Lake City market, the Downtown Salt Lake City region has less expensive rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 111 listings have been posted online, so you'll want to check back regularly for new listings. About 67% of the listings in the Downtown Salt Lake 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.
The standard measurement for office space in this area is around 1,460 sqft. Most buildings in this region are approximately 6 stories. Most buildings in this market were built in 1974 and are Class B.
A large portion of this market is residential, but there's plenty of office_space. Health care is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Downtown Salt Lake City residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.