The typical asking rate per listing is in the $20's per square foot per year. The Liberty Wells submarket is experiencing a an increase in rates. In the last 3 months, the median rate went up $5 per sqft per year. That's a 24% rise 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 depreciated submarket.
In the last 90 days, 2 listings have been posted online, which means office spaces are probably 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 850 sqft. Most properties in this area are approximately 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 market. 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.