Most listings are in the $80's per square foot per year. The Rio Grande submarket is going through a a boost in rates. In the last 3 months, the median rate went up $41 per sqft per year. That's a 91% increase in rent.
Compared to the rest of the Salt Lake City market, the Rio Grande region has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 79 listings have been made available, so you'll want to check back regularly for new listings. About 66% of the listings in the Rio Grande 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 posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 310 sqft. Most properties in this area are approximately 7 floors. Most buildings in this market were built in 1919 and are Class B.
Information is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Rio Grande residents. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.