On average, listings lease in the $30's per square foot per year. The South Salt Lake City submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $34 per sqft per year.
In the last 90 days, 6 listings have been posted online, which means new availabilities might be leasing quickly. You'll want to be prepared to make an offer immediately. About 17% of the office spaces in the South Salt Lake City are subleases, so you might be able to find a shorter term or below market rent. 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 6,250 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are close to 2 floors. Most buildings in this market were built in 1976 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this market. Commute by public transit is the most popular way to get to work amongst South Salt Lake City residents. Commuting under 5 minutes a day is the norm for those who opt to reside in this part of town.