Most listings are in the $20's per square foot per year. The Rio Grande region is seeing a a boost in rates. In the last 3 months, the median rate increased $5 per sqft per year. That's a 19% increase in rent.
Compared to the rest of the Salt Lake City market, the Rio Grande region has greater rates, and you'll have to negotiate above asking rent 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 4% of the listings in the Rio Grande are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 3,350 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this market are around 7 stories. Most buildings in this market were built in 1936 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 close to 30 minutes a day is the norm for those who opt to reside in this part of town.