The typical asking rate per listing is in the $20's per square foot per year. The Liberty Wells submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $18 per sqft per year. That's a 40% decrease in rent.
Compared to the rest of the Salt Lake City market, the Liberty Wells region has lower rates, so you should have no trouble finding a great deal in this discounted submarket.
In the last 90 days, 0 listings have been made available, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About Inf% of the listings in the Liberty Wells 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 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 1,200 sqft. Most properties in this region are around 3 floors. Most buildings in this region were built in 1991 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 market. Most of the occupants 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.