Most listings are in the $20's per square foot per year. The East Central submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 4% decrease in rent.
Compared to the rest of the Salt Lake City market, the East Central submarket has smaller rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 11 listings have come on the market, which means office spaces are probably going fast. You'll want to be prepared to tour spaces as quick as possible. 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 1,970 sqft. Most buildings in this area are approximately 8 stories. Most buildings in this region were built in 1965 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Manufacturing is the dominant industry in this market. Commute by car is the most popular way to get to work amongst East Central folk. Commuting close to 30 minutes a day is the norm for those who opt to reside in this part of town.