Most listings are in the $20's per square foot per year. The Downtown Salt Lake City region is experiencing a a rise in rates. In the last 3 months, the median rate went up $2 per sqft per year. That's a 8% rise in rent.
Compared to the rest of the Salt Lake City market, the Downtown Salt Lake City submarket has lower rates, so you should have no trouble finding a great deal in this undervalued region.
In the last 90 days, 111 listings have been listed, so you'll want to check back regularly for new listings. About 5% of the listings in the Downtown 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 3,070 sqft, there are still 0 new listings below 2,000 sqft. Most properties in this region are approximately 6 stories. Most buildings in this market were built in 1976 and are Class B.
A large portion of this area is residential, but there's plenty of office_space. Health care is the dominant industry in this area. Commute by walking is the most popular way to get to work amongst Downtown Salt Lake City occupants. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.