On average, listings lease in the $20's per square foot per year. The Sugar House region is going through a an increase in rates. In the last 3 months, the median rate went up $2 per sqft per year. That's a 9% rise in rent.
Compared to the rest of the Salt Lake City market, the Sugar House region has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 16 listings have come on the market, which means leases are probably going fast. 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.
The standard measurement for office space in this area is around 1,200 sqft. Most properties in this region are around 3 floors. Most buildings in this region 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 residents 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.