Salt Lake City Retail

Salt Lake City

Office Space Market Report

Number of Listings (last 90 days)
74
Median Rate ($/sqft/yr)
$26
Median Size (sqft)
3,300
As of: December 8, 2016

Salt Lake City Rates

The typical asking rate per listing is in the $20's per square foot per year. The Salt Lake City submarket is experiencing a an increase in rates. In the last 3 months, the median rate went up $2 per sqft per year. That's a 8% rise in rent.

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

Salt Lake City Listing Supply

In the last 90 days, 73 listings have been listed, so you'll want to check back regularly for new listings. About 11% of the office spaces in the Salt Lake City 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 3,300 sqft, there are still 0 leases below 2,000 sqft. Most properties in this region are around 5 stories. Most buildings in this area were built in 1979 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