The typical asking rate per listing is in the $20's per square foot per year. The Downtown Salt Lake City submarket is seeing a an increase in rates. In the last 3 months, the median rate went up $1 per sqft per year. That's a 5% 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 depreciated region.
In the last 90 days, 48 listings have been made available, so you'll want to check back regularly for new listings. About 17% of the available space in the Downtown Salt Lake 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 4,540 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are around 6 floors. Most buildings in this market were built in 1975 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 market. Commute by walking is the most popular way to get to work amongst Downtown Salt Lake City residents. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.