Central City Sublease

Central City

Office Space Market Report

Number of Listings (last 90 days)
32
Median Rate ($/sqft/yr)
$29
Median Size (sqft)
3,160
As of: July 22, 2017

Central City Rates

On average, listings lease in the $20's per square foot per year. The Central City submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 10% increase in rent.

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

Central City Listing Supply

In the last 90 days, 32 listings have come on the market, which means leases might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 72% of the office spaces in the Central City are subleases, so you might be able to find a shorter term or below market rent. 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 3,030 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this market are approximately 3 floors. Most buildings in this market were built in 1978 and are Class B.

Central City Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this area. Commute by public transit is the most popular way to get to work amongst Central City folk. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

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

Market Data

Real time and historical data on commercial real estate listings in Central City.
Research