The typical asking rate per listing is in the $40's per square foot per year. The Rio Grande region is seeing a an increase in rates. In the last 3 months, the median rate rose $12 per sqft per year. That's a 36% rise in rent.
Compared to the rest of the Salt Lake City market, the Rio Grande submarket has more expensive rates, and you'll need to make a great offer 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 6% of the listings in the Rio Grande are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 2,490 sqft. Most buildings in this region are close to 7 floors. Most buildings in this market were built in 1951 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 approximately 30 minutes a day is the norm for those who opt to reside in this part of town.