On average, listings lease in the $20's per square foot per year. The East Central submarket is going through a a rise in rates. In the last 3 months, the median rate rose $28 per sqft per year.
Compared to the rest of the Salt Lake City market, the East Central submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 11 listings have been listed, which means office spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 18% of the available leases in the East Central are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 9,090 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this region are around 8 floors. Most buildings in this market were built in 1965 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this region. Commute by car is the most popular way to get to work amongst East Central residents. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.