The typical asking rate per listing is in the $20's per square foot per year. The Central City region is experiencing a an increase in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 11% 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 might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 6% of the listings in the Central 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 posted, so finding a space for a small business might be tough.
Even though the median size is 3,020 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are approximately 3 stories. Most buildings in this area 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 around 15 minutes a day is the norm for those who opt to reside in this part of town.