On average, listings lease in the $10's per square foot per year. The People's Freeway region is experiencing a a boost in rates. In the last 3 months, the median rate rose $20 per sqft per year.
Compared to the rest of the Salt Lake City market, the People's Freeway submarket has less expensive rates, so you should have no trouble finding a great deal in this depreciated submarket.
In the last 90 days, 3 listings have been listed, which means 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 posted, 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 close to 2 floors. Most buildings in this area were built in 1966 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 occupants. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.