On average, listings lease in the $20's per square foot per year. The East Central region is going through a decline in rates. In the last 3 months, the median rate decreased $5 per sqft per year. That's a 17% decrease in rent.
Compared to the rest of the Salt Lake City market, the East Central region has smaller rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 6 listings have come on the market, which means office spaces are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 5,500 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are approximately 8 stories. Most buildings in this region 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 occupants. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.