People's Freeway Sublease

People's Freeway

Office Space Market Report

Number of Listings (last 90 days)
3
Median Rate ($/sqft/yr)
$20
Median Size (sqft)
1,000
As of: June 25, 2017

People's Freeway Rates

The typical asking rate per listing is in the $10's per square foot per year. The People's Freeway submarket is going through a a rise in rates. In the last 3 months, the median rate went up $20 per sqft per year.

Compared to the rest of the Salt Lake City market, the People's Freeway region has lower rates, so you should have no trouble finding a great deal in this discounted region.

People's Freeway Listing Supply

In the last 90 days, 3 listings have been made available, which means office spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About 133% of the office spaces in the People's Freeway 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 1,000 sqft. Most properties in this market are around 2 floors. Most buildings in this area were built in 1960 and are Class C.

People's Freeway Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this area. Commute by motorcycle is the most popular way to get to work amongst People's Freeway folk. Commuting approximately 30 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in People's Freeway.
Market Report

Market Data

Real time and historical data on commercial real estate listings in People's Freeway.
Research