Salt Lake City Sublease

Salt Lake City

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 21, 2016

Salt Lake City Rates

On average, listings lease in the $20's per square foot per year. The Salt Lake City region is experiencing a a boost in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 3% increase in rent.

Compared to the rest of the Salt Lake City market, the Salt Lake City submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.

Salt Lake City Listing Supply

In the last 90 days, 115 listings have been posted online, so you'll want to check back regularly for new listings. About 7% of the office spaces in the Salt Lake City are subleases, so you will probably need to consider the implications of signing a direct lease with the building. 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 3,000 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are close to 5 stories. Most buildings in this area were built in 1979 and are Class B.

Salt Lake City Community

Market Report

Trends and status of the commercial real estate market in Salt Lake City.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Salt Lake City.