On average, listings lease in the $20's per square foot per year. The Liberty Wells region is going through a a boost in rates. In the last 3 months, the median rate increased $26 per sqft per year. That's a Inf% increase in rent.
Compared to the rest of the Salt Lake City market, the Liberty Wells submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 5 listings have been posted online, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 900 sqft. Most buildings in this area are close to 3 stories. Most buildings in this area were built in 1963 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this area. Most of the residents of Liberty Wells work from home. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.