Most listings are in the $20's per square foot per year. The Capitol Hill submarket is seeing a an increase in rates. In the last 3 months, the median rate rose $28 per sqft per year.
Compared to the rest of the Salt Lake City market, the Capitol Hill region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 0 listings have come on the market, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About Inf% of the listings in the Capitol Hill 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.
Even though the median size is 3,000 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this area are approximately 5 floors. Most buildings in this area were built in 1984 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Education is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Capitol Hill residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.