Most listings are in the $20's per square foot per year. The Downtown Salt Lake City submarket is going through a decline in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 18% decrease in rent.
Compared to the rest of the Salt Lake City market, the Downtown Salt Lake City submarket has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 66 listings have been posted online, so you'll want to check back regularly for new listings. About 9% of the office spaces in the Downtown Salt Lake City are subleases, so you will probably have to consider a longer term lease. 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 5,000 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are close to 6 stories. Most buildings in this market were built in 1975 and are Class B.
A large portion of this area is residential, but there's plenty of office_space. Health care is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Downtown Salt Lake City occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.