The typical asking rate per listing is in the $20's per square foot per year. The Central City submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $0 per sqft per year. That's a 0% increase in rent.
Compared to the rest of the Salt Lake City market, the Central City submarket has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 32 listings have been made available, which means office spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 6% of the available leases in the Central City are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 3,000 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are around 3 stories. Most buildings in this region were built in 1979 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this region. Commute by public transit is the most popular way to get to work amongst Central City residents. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.