Capitol Hill Retail

Capitol Hill

Office Space Market Report

Number of Listings (last 90 days)
0
Median Rate ($/sqft/yr)
$37
Median Size (sqft)
20,480
As of: August 18, 2017

Capitol Hill Rates

The typical asking rate per listing is in the $30's per square foot per year. The Capitol Hill region is seeing 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 Capitol Hill submarket has greater rates, and you'll need to pay a premium to be in this hot region.

Capitol Hill Listing Supply

In the last 90 days, 0 listings have been posted online, which means spaces most likley are leasing quickly. You'll want to be prepared to make an offer immediately. About Inf% of the available leases in the Capitol Hill 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 available, so finding a space for a small business might be tough.

Even though the median size is 20,480 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are around 5 stories. Most buildings in this region were built in 1999 and are Class B.

Capitol Hill Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Capitol Hill occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Capitol Hill.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Capitol Hill.
Research