Most listings are in the $20's per square foot per year. The East Central submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 17% decrease in rent.
Compared to the rest of the Salt Lake City market, the East Central submarket has less expensive rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 6 listings have been listed, which means listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. 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 5,500 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are approximately 8 floors. Most buildings in this area 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 area. Commute by car is the most popular way to get to work amongst East Central residents. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.