People's Freeway Office Space

People's Freeway

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$17
Median Size (sqft)
5,480
As of: August 17, 2017

People's Freeway Rates

Most listings are in the $10's per square foot per year. The People's Freeway region is experiencing a decline in rates. In the last 3 months, the median rate fell $3 per sqft per year. That's a 17% decrease in rent.

Compared to the rest of the Salt Lake City market, the People's Freeway submarket has lower rates, so you should have no trouble finding a great deal in this depreciated region.

People's Freeway Listing Supply

In the last 90 days, 3 listings have been posted online, which means office spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 200% of the listings in the People's Freeway 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 available, so finding a space for a small business might be tough.

Even though the median size is 5,480 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this region are approximately 2 stories. Most buildings in this area were built in 1952 and are Class C.

People's Freeway Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this area. Commute by motorcycle is the most popular way to get to work amongst People's Freeway occupants. Commuting close to 30 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 People's Freeway.
Market Report

Market Data

Real time and historical data on commercial real estate listings in People's Freeway.
Research