Most listings are in the $20's per square foot per year. The Rio Grande submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 4% decline in rent.
Compared to the rest of the Salt Lake City market, the Rio Grande submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 79 listings have come on the market, so you'll want to check back regularly for new listings. About 5% of the office spaces in the Rio Grande are subleases, so you will probably have to consider a longer term 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 3,930 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this market are around 7 stories. Most buildings in this area were built in 1950 and are Class B.
Information is the dominant industry in this market. Commute by bike is the most popular way to get to work amongst Rio Grande folk. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.