On average, listings lease in the $20's per square foot per year. The Downtown Salt Lake City submarket is experiencing a a boost in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 5% rise in rent.
Compared to the rest of the Salt Lake City market, the Downtown Salt Lake City submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 48 listings have been listed, so you'll want to check back regularly for new listings. About 17% of the office spaces in the Downtown Salt Lake City are subleases, so you might be able to find a shorter term or below market rent. 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 4,540 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are approximately 6 stories. Most buildings in this region were built in 1975 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 occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.