On average, listings lease in the $20's per square foot per year. The Liberty Wells submarket is going through a a rise in rates. In the last 3 months, the median rate went up $8 per sqft per year. That's a 43% increase in rent.
Compared to the rest of the Salt Lake City market, the Liberty Wells submarket has lower rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 0 listings have been posted online, which means listings might be going fast. You'll want to be prepared to make an offer immediately. About Inf% of the office spaces in the Liberty Wells 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,200 sqft. Most buildings in this market are approximately 3 floors. Most buildings in this region were built in 1963 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this market. Most of the residents of Liberty Wells work from home. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.