People's Freeway Retail

People's Freeway

Office Space Market Report

Number of Listings (last 90 days)
36
Median Rate ($/sqft/yr)
$17
Median Size (sqft)
5,480
As of: August 17, 2017

People's Freeway Rates

The typical asking rate per listing is in the $10's per square foot per year. The People's Freeway region is experiencing a decline in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 17% decrease in rent.

Compared to the rest of the Salt Lake City market, the People's Freeway submarket has lower rates, so you should have no trouble finding a great deal in this discounted submarket.

People's Freeway Listing Supply

In the last 90 days, 3 listings have been made available, which means listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 167% of the office spaces in the People's Freeway are subleases, so you might be able to find a shorter term or below market rent. 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 5,480 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are around 2 floors. Most buildings in this area were built in 1952 and are Class C.

People's Freeway Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this market. Commute by motorcycle is the most popular way to get to work amongst People's Freeway occupants. Commuting close to 30 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 People's Freeway.
Market Report

Market Data

Real time and historical data on commercial real estate listings in People's Freeway.
Research