Salt Lake City Retail

Salt Lake City

Office Space Market Report

Number of Listings (last 90 days)
143
Median Rate ($/sqft/yr)
$24
Median Size (sqft)
3,530
As of: February 24, 2017

Salt Lake City Rates

On average, listings lease in the $20's per square foot per year. The Salt Lake City submarket is going through a decrease in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 8% decline in rent.

Compared to the rest of the Salt Lake City market, the Salt Lake City submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.

Salt Lake City Listing Supply

In the last 90 days, 143 listings have been posted online, so you'll want to check back regularly for new listings. About 6% of the listings in the Salt Lake City are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 3,530 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are around 5 stories. Most buildings in this market were built in 1980 and are Class B.

Salt Lake City Community

Market Report

Trends and status of the commercial real estate market in Salt Lake City.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Salt Lake City.
Research