Most listings are in the $20's per square foot per year. The People's Freeway region is going through a a rise in rates. In the last 3 months, the median rate increased $10 per sqft per year. That's a 76% increase in rent.
Compared to the rest of the Salt Lake City market, the People's Freeway submarket has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 3 listings have been listed, which means office spaces are probably going fast. You'll want to be prepared to make an offer immediately. 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 1,690 sqft. Most properties in this market are close to 2 stories. Most buildings in this region were built in 1975 and are Class C.
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 residents. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.