On average, listings lease in the $20's per square foot per year. The Salt Lake City region is seeing a decrease in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 8% decrease in rent.
Compared to the rest of the Salt Lake City market, the Salt Lake City submarket has lower rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 144 listings have been listed, so you'll want to check back regularly for new listings. About 6% of the office spaces in the Salt Lake City are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 3,530 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are around 5 stories. Most buildings in this area were built in 1980 and are Class B.