Downtown Salt Lake City Office Space

Downtown Salt Lake City

Office Space Market Report

Number of Listings (last 90 days)
111
Median Rate ($/sqft/yr)
$37
Median Size (sqft)
1,580
As of: June 22, 2017

Downtown Salt Lake City Rates

The typical asking rate per listing is in the $30's per square foot per year. The Downtown Salt Lake City region is seeing a a boost in rates. In the last 3 months, the median rate went up $36 per sqft per year.

Compared to the rest of the Salt Lake City market, the Downtown Salt Lake City submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Downtown Salt Lake City Listing Supply

In the last 90 days, 111 listings have been posted online, so you'll want to check back regularly for new listings. About 95% 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 posted, so finding a space for a small business might be tough.

Even though the median size is 2,790 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this region are approximately 6 stories. Most buildings in this region were built in 1974 and are Class B.

Downtown Salt Lake City Community

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.

Market Report

Trends and status of the commercial real estate market in Downtown Salt Lake City.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Downtown Salt Lake City.
Research