The typical asking rate per listing is in the $70's per square foot per year. The Rio Grande submarket is experiencing a a boost in rates. In the last 3 months, the median rate increased $80 per sqft per year.
Compared to the rest of the Salt Lake City market, the Rio Grande region has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 79 listings have been made available, so you'll want to check back regularly for new listings. About 75% of the available leases in the Rio Grande are subleases, so you might be able to snag a great spot on a short term. 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 790 sqft. Most properties in this area are around 7 stories. Most buildings in this area were built in 1919 and are Class B.
Information is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Rio Grande occupants. Commuting around 30 minutes a day is the norm for those who opt to reside in this part of town.