Downtown Salt Lake City Retail

Downtown Salt Lake City

Office Space Market Report

Number of Listings (last 90 days)
111
Median Rate ($/sqft/yr)
$33
Median Size (sqft)
2,670
As of: May 21, 2017

Downtown Salt Lake City Rates

The typical asking rate per listing is in the $30's per square foot per year. The Downtown Salt Lake City submarket is experiencing a a boost in rates. In the last 3 months, the median rate rose $4 per sqft per year. That's a 14% rise in rent.

Compared to the rest of the Salt Lake City market, the Downtown Salt Lake City submarket has greater rates, and you'll need to pay a premium to be in this hot submarket.

Downtown Salt Lake City Listing Supply

In the last 90 days, 111 listings have been posted online, so you'll want to check back regularly for new listings. About 6% of the listings in the Downtown Salt Lake City are subleases, so you will probably have to consider a longer term lease. 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 2,670 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are close to 6 stories. Most buildings in this area were built in 1975 and are Class B.

Downtown Salt Lake City Community

A large portion of this area is residential, but there's plenty of office_space. Health care is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Downtown Salt Lake City occupants. Commuting between 20 and 25 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 Downtown Salt Lake City.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Downtown Salt Lake City.
Research