Most listings are in the $20's per square foot per year. The Rio Grande submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 3% decline in rent.
Compared to the rest of the Salt Lake City market, the Rio Grande submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 41 listings have come on the market, so you'll want to check back regularly for new listings. About 12% of the available space in the Rio Grande 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.
Even though the median size is 3,000 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are close to 7 floors. Most buildings in this market were built in 1950 and are Class B.
Information is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Rio Grande residents. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.