On average, listings lease in the $20's per square foot per year. The Downtown Salt Lake City region is experiencing a a boost in rates. In the last 3 months, the median rate increased $2 per sqft per year. That's a 8% increase in rent.
Compared to the rest of the Salt Lake City market, the Downtown Salt Lake City submarket has smaller rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 111 listings have come on the market, so you'll want to check back regularly for new listings. About 5% of the office spaces in the Downtown Salt Lake City are subleases, so you will probably have to focus your search on direct office leases. 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 3,070 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are approximately 6 floors. Most buildings in this region were built in 1976 and are Class B.
A large portion of this area is residential, but there's plenty of office_space. Health care is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Downtown Salt Lake City folk. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.