Central City Sublease

Central City

Office Space Market Report

Number of Listings (last 90 days)
32
Median Rate ($/sqft/yr)
$29
Median Size (sqft)
1,940
As of: June 25, 2017

Central City Rates

On average, listings lease in the $20's per square foot per year. The Central City submarket is going through a a boost in rates. In the last 3 months, the median rate went up $29 per sqft per year.

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

Central City Listing Supply

In the last 90 days, 32 listings have been posted online, which means listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 69% of the listings 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 on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,940 sqft. Most buildings in this area are approximately 3 stories. Most buildings in this region 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 occupants. Commuting approximately 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