On average, listings lease in the $10's per square foot per year. The Bonneville submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 25% decrease in rent.
In the last 90 days, 6 listings have been listed, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 17% of the available leases in the Bonneville 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 available, so finding a space for a small business might be tough.
Even though the median size is 3,500 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are approximately 2 stories. Most buildings in this region were built in 2006 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this market. Commute by bike is the most popular way to get to work amongst Bonneville occupants. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.