Most listings are in the $30's per square foot per year. The Rio Grande submarket is experiencing a a boost in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 4% rise in rent.
Compared to the rest of the Salt Lake City market, the Rio Grande submarket has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 28 listings have come on the market, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About 25% of the available leases in the Rio Grande are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 6,010 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are around 7 stories. Most buildings in this region were built in 1951 and are Class B.
Information is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Rio Grande occupants. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.