On average, listings lease in the $20's per square foot per year. The East Central submarket is going through a a rise in rates. In the last 3 months, the median rate went up $5 per sqft per year. That's a 20% increase in rent.
Compared to the rest of the Salt Lake City market, the East Central region has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 13 listings have been made available, which means spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 3,380 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are around 8 stories. Most buildings in this market were built in 1965 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this region. Commute by car is the most popular way to get to work amongst East Central occupants. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.