On average, listings lease in the $20's per square foot per year. The Sugar House submarket is going through a decrease in rates. In the last 3 months, the median rate fell $9 per sqft per year. That's a 28% decrease in rent.
Compared to the rest of the Salt Lake City market, the Sugar House submarket has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 11 listings have been listed, which means listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 118% of the available space in the Sugar House 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 available, so finding a space for a small business might be tough.
Even though the median size is 3,120 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are approximately 3 stories. Most buildings in this area were built in 1984 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Finance and insurance are the dominant industries in this region. Most of the occupants of Sugar House work from home. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.