Downtown Salt Lake City Retail

Downtown Salt Lake City

Office Space Market Report

Number of Listings (last 90 days)
40
Median Rate ($/sqft/yr)
$30
Median Size (sqft)
5,710
As of: December 2, 2016

Downtown Salt Lake City Rates

On average, listings lease in the $20's per square foot per year. The Downtown Salt Lake City submarket is experiencing a an increase in rates. In the last 3 months, the median rate rose $7 per sqft per year. That's a 29% increase 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, 37 listings have been made available, which means leases most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 22% of the available space in the Downtown Salt Lake City are subleases, so you might be able to snag a great spot on a short term. 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 5,710 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this region are close to 6 stories. Most buildings in this region were built in 1975 and are Class B.

Downtown Salt Lake City Community

A large portion of this region is residential, but there's plenty of office_space. Health care is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Downtown Salt Lake City residents. 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