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1,254 Commercial Real Estate Listings in Salt Lake City, UT

  • Oakwood Office Plaza - Salt Lake City
    5320 South 900 East, Murray, Salt Lake City, UT
    For Lease
    • $16.5/Sqft/Year
    Property
    • Office
    • 48,024 Sqft
    Availability
    • 3 Spaces
    • 2,833 Sqft
    Year Built
    • 1979
    View Details
  • Ace Industrial - Salt Lake City
    260 North Ace Yeager Court, Jordan Meadows, Salt Lake City, UT
    For Lease
    • $0.48/Sqft/Month
    Property
    • Industrial
    • 311,802 Sqft
    Availability
    • 1 Space
    • 93,248 Sqft
    Year Built
    • 2019
    View Details
  • One Utah Center - Salt Lake City
    201 S Main St, Downtown Salt Lake City, Salt Lake City, UT
    For Lease
    • $26.5/Sqft/Year
    Property
    • Office
    • 419,000 Sqft
    Availability
    • 1 Space
    • 9,070 Sqft
    Year Built
    • 1991
    View Details
  • 515 East 100 South - Salt Lake City
    515 East 100 South, Central City, Salt Lake City, UT
    For Lease
    • $26/Sqft/Year
    Property
    • Office
    • 175,547 Sqft
    Availability
    • 2 Spaces
    • 26,800 Sqft
    Year Built
    • 1986
    View Details
  • 623 East 100 South, SLC UT 84102- Victorian Mansion - Salt Lake City
    623 East 100 South, Central City, Salt Lake City, UT
    For Lease
    • Contact for pricing
    Property
    • Office
    • 4,500 Sqft
    Availability
    • 3 Spaces
    • 13,500 Sqft
    Year Built
    • 1886
    View Details
  • 465 South 400 East - Salt Lake City
    465 South 400 East, Central City, Salt Lake City, UT
    For Lease
    • $16.5 - $21.5/Sqft/Year
    Property
    • Office
    • 73,737 Sqft
    Availability
    • 3 Spaces
    • 49,666 Sqft
    Year Built
    • 1974
    View Details
  • 645-655 East 400 South & 358 South 700 East - Salt Lake City
    655 East 400 South, Central City, Salt Lake City, UT
    For Lease
    • $19.5/Sqft/Year
    Property
    • Retail
    • 90,351 Sqft
    Availability
    • 1 Space
    • 2,780 Sqft
    View Details
  • Benchmark Plaza - Salt Lake City
    4525 South Wasatch Blvd, Millcreek, Salt Lake City, UT
    For Lease
    • $21.5/Sqft/Year
    Property
    • Office
    • 43,358 Sqft
    Availability
    • 1 Space
    • 2,701 Sqft
    Year Built
    • 1986
    View Details
  • Cedar Park - Murray
    5280 South Commerce Drive, Murray, UT
    For Lease
    • $14.5/Sqft/Year
    Property
    • Office
    • 109,572 Sqft
    Availability
    • 12 Spaces
    • 23,938 Sqft
    Year Built
    • 1977
    View Details
  • Ninigret - Building XI - Salt Lake City
    4750 West 2100 South, Glendale, Salt Lake City, UT
    For Lease
    • $17 - $22/Sqft/Year
    Property
    • Office
    • 93,600 Sqft
    Availability
    • 4 Spaces
    • 62,962 Sqft
    Year Built
    • 2000
    View Details
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  • The Clift Building - Salt Lake City
    10 West Broadway, Downtown Salt Lake City, Salt Lake City, UT
    For Lease
    • $19 - $29/Sqft/Year
    Property
    • Office
    • 105,000 Sqft
    Availability
    • 4 Spaces
    • 11,960 Sqft
    Year Built
    • 1919
    View Details
  • Newhouse Building - Salt Lake City
    10 Exchange Pl, Downtown Salt Lake City, Salt Lake City, UT
    For Lease
    • $27 - $30/Sqft/Year
    Property
    • Office
    • 107,983 Sqft
    Availability
    • 6 Spaces
    • 31,364 Sqft
    Year Built
    • 1909
    View Details
  • Towers at 45th - 310 East 4500 South - Murray
    310 East 4500 South, Murray, UT
    For Lease
    • $20.5/Sqft/Year
    Property
    • Office
    • 121,008 Sqft
    Availability
    • 10 Spaces
    • 38,374 Sqft
    Year Built
    • 1985
    View Details
  • 222 South Main Street - Salt Lake City
    222 South Main Street, Downtown Salt Lake City, Salt Lake City, UT
    For Lease
    • $37.6/Sqft/Year
    Property
    • Office
    • 435,657 Sqft
    Availability
    • 1 Space
    • 1,622 Sqft
    Year Built
    • 2009
    View Details
  • Parkside Tower - Salt Lake City
    215 South State Street, Central City, Salt Lake City, UT
    For Lease
    • $24.5 - $27.5/Sqft/Year
    Property
    • Office
    • 190,415 Sqft
    Availability
    • 8 Spaces
    • 29,107 Sqft
    Year Built
    • 1984
    View Details
  • 310 South Main Street - Salt Lake City
    310 South Main Street, Downtown Salt Lake City, Salt Lake City, UT
    For Lease
    • $24/Sqft/Year
    Property
    • Office
    • 232,585 Sqft
    Availability
    • 3 Spaces
    • 38,299 Sqft
    Year Built
    • 1970
    View Details
  • Millrock Park East - Holladay
    6510 South Millrock Drive, Holladay, UT
    For Lease
    • $34/Sqft/Year
    Property
    • Office
    • 124,726 Sqft
    Availability
    • 2 Spaces
    • 13,373 Sqft
    Year Built
    • 2007
    View Details
  • Independence Square - Independence Hall - Murray
    111 E 5600 S, Murray, UT
    For Lease
    • $11/Sqft/Year
    Property
    • Office
    • 20,932 Sqft
    Availability
    • 8 Spaces
    • 9,223 Sqft
    Year Built
    • 1989
    View Details
  • Cottonwood Corporate Center - 2855 East Cottonwood Pkwy - Cottonwood Heights
    2855 East Cottonwood Pkwy, Cottonwood Heights, UT
    For Lease
    • $15 - $34/Sqft/Year
    Property
    • Office
    • 108,938 Sqft
    Availability
    • 6 Spaces
    • 88,489 Sqft
    Year Built
    • 1997
    View Details
  • Edgewater Corporate Park - South Tower - Salt Lake City
    5225 Wiley Post Way, Jordan Meadows, Salt Lake City, UT
    For Lease
    • $23/Sqft/Year
    Property
    • Office
    • 102,205 Sqft
    Availability
    • 1 Space
    • 4,694 Sqft
    Year Built
    • 1983
    View Details
  • City Centre - Salt Lake City
    175 E 400 S, Central City, Salt Lake City, UT
    For Lease
    • $28 - $31/Sqft/Year
    Property
    • Office
    • 229,605 Sqft
    Availability
    • 3 Spaces
    • 29,880 Sqft
    Year Built
    • 1986
    View Details
  • 514 West Pickett Circle - Salt Lake City
    514 W Pickett Cir, Glendale, Salt Lake City, UT
    For Lease
    • $7.8/Sqft/Year
    Property
    • Industrial
    • 104,200 Sqft
    Availability
    • 1 Space
    • 48,200 Sqft
    Year Built
    • 1997
    View Details
  • Airport Business Park 1 - Salt Lake City
    210 N 2200 W, Westpointe, Salt Lake City, UT
    For Lease
    • $13/Sqft/Year
    Property
    • Office
    • 28,546 Sqft
    Availability
    • 1 Space
    • 28,546 Sqft
    Year Built
    • 1978
    View Details
  • 111 Main - Salt Lake City
    111 South Main Street, Downtown Salt Lake City, Salt Lake City, UT
    For Lease
    • $38/Sqft/Year
    Property
    • Office
    • 442,000 Sqft
    Availability
    • 2 Spaces
    • 6,365 Sqft
    Year Built
    • 2016
    View Details
  • 560 East 200 South - Salt Lake City
    560 East 200 South, Central City, Salt Lake City, UT
    For Lease
    • $15.5/Sqft/Year
    Property
    • Office
    • 60,435 Sqft
    Availability
    • 1 Space
    • 2,864 Sqft
    Year Built
    • 1990
    View Details
  • I-80 Business Park 2 - South Salt Lake
    240 E Morris Ave, South Salt Lake, UT
    For Lease
    • $18.5 - $23/Sqft/Year
    Property
    • Office
    • 60,000 Sqft
    Availability
    • 2 Spaces
    • 28,764 Sqft
    Year Built
    • 1989
    View Details

Salt Lake City, UT Commercial Real Estate

There are currently 1,322 commercial listings available in Salt Lake City, UT. These listings include 1,020 commercial spaces that encompass a total of 14,645,938 square feet. Available commercial spaces in Salt Lake City, UT range in size from 0 square feet to 833,280 square feet. A total of 731 off-market commercial properties located in Salt Lake City, UT are also available for research.

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Salt Lake City, UT Economic Overview

Location Photo

Salt Lake City was ranked 10th-best place to live by U.S. News, which analyzed 100 metro areas in the U.S., based on quality of life, value of living there and people’s desire to live there. Certainly, the strong economic conditions of this city contributed to its score of 7.1 out of 10 in this ranking.

In 2016, Utah added jobs at more than double the pace of the national average. Although 2017 growth is expected to be more moderate, Utah is likely to remain a top performer. Spending power is a key contributor to business sales and growth, and Salt Lake City residents average an annual salary of $44,752. The greatest average spending for citizens was on housing (33.8% of expenditure), transportation (15.7% of expenditure), and food (12.7% of expenditure).

Salt Lake City, UT Commercial Real Estate Market

The overall Utah State’s economy experienced expansion in 2016, across all major industrial sectors. Salt Lake City’s current service-oriented economy is radically different from its historical beginnings as the “Crossroads of the West”, economically reliant on its railroad and nearby steel, mining and oil refineries. The current major sectors are trade, utilities, government, transportation, and professional and business services.

In 2016, the Salt Lake City commercial real estate market experienced record rents for office spaces. The average rent for a Salt Lake City office space was $23 per square foot, which is 4.6% higher than the rate in the first quarter of 2015. Trophy office towers like the brand new Class A 111 Main, commanded roughly $28 per square foot. However, the commercial space lease rates are showing signs of moderation, especially in the high-growth markets.

Poplar Grove, a neighborhood directly south of Salt Lake International Airport, has many great schools and is mainly home to working class families; Downtown Salt Lake City is a bustling scene full of shops, restaurants and nightlife hotspots; Central City is a college town with a range of restaurants, mountain, hiking and biking spots, shops and museums.

Salt Lake City is also a great jumping-off point for national park visits and skiing. Thousands of international and domestic travelers come through the metro area's international airport. This makes tourism and hospitality part of the city’s growing industries.

Being a strong economic hub, the city hosts Huntsman Corporation, a Fortune 500 company, as well as two Fortune 1000 companies: Questar Corporation and Zions Bancorporation. Numerous other high profile firms have made the city the economic powerhouse it is, including: AlphaGraphics, Smith's Food and Drug, Sinclair Oil Corporation, MonaVie, Vehix.com, and Myriad Genetics.

And with companies like Adobe Systems, Microsoft and 3M Health Information Systems moving in, job opportunities are still on the rise. This follows a commendable growth in employment that has lasted over the past few years.

Salt Lake City, UT Office Sales Volume

Data provided by Yardi Matrix, for properties larger than 50K SF, which sold at over $5M.

Salt Lake City, UT Office Transactions

Data provided by Yardi Matrix, for properties larger than 50K SF, which sold at over $5M.

Salt Lake City, UT Commercial Inventory Breakdown

Office Spaces

Total: 32,245,486 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail

By square footage range:

  • 50k to 100k SF: 8,916,056 SF / 27.65% of total office
  • 100k to 500k SF: 22,736,772 SF / 70.51% of total office
  • 500k to 1M SF: 592,658 SF / 1.84% of total office

By class:

  • Class A: 14,676,893 SF / 45.52% of total office
  • Class B: 15,363,324 SF / 47.64% of total office
  • Class C: 559,079 SF / 1.73% of total office

Industrial

Total: 72,660,333 SF

Data provided by Yardi Matrix, properties over 50k SF

By square footage range:

  • 50k to 100k SF: 14,621,887 SF / 20.12% of total industrial
  • 100k to 500k SF: 43,812,900 SF / 60.3% of total industrial
  • 500k to 1M SF: 11,941,706 SF / 16.43% of total industrial
  • > 1M SF: 2,283,840 SF / 3.14% of total industrial

By class:

  • Class A: 37,001,679 SF / 50.92% of total industrial
  • Class B: 30,461,210 SF / 41.92% of total industrial
  • Class C: 610,889 SF / 0.84% of total industrial

Office Spaces with Retail

Total: 12,918,278 SF

Data provided by Yardi Matrix, properties over 50k SF

By square footage range:

  • 50k to 100k SF: 2,917,256 SF / 22.58% of total office with retail
  • 100k to 500k SF: 7,231,863 SF / 55.98% of total office with retail
  • 500k to 1M SF: 1,650,014 SF / 12.77% of total office with retail
  • > 1M SF: 1,119,145 SF / 8.66% of total office with retail

Employment in Salt Lake City, UT

Employment

Salt Lake City has a 3.3% unemployment rate, which is 1.6% lower than the national average. This makes it an attractive location for qualified workers.

The key employment industries within the city feature technology, utilities, trade, transportation, health care, education, manufacturing, and finance.

Specific industries offer the most common employment opportunities:

  • Health care and social assistance – this sector employs roughly 62,004 regional residents, through University Health Care, having 10,000 employees, and University of Utah Health Care employing 7,866 workers. Here, such occupations as nursing aides offer a salary range between $21k and $30k.
  • Specialty trade contractors – 48,104 total employees in this sector, including such employers as Sun Products Corp with 3,000 workers.
  • Finance and insurance – Approximately 38,384 employees are found within the financial sector.

The largest employers in the region include the state and county government, the University of Utah, Intermountain Healthcare, Delta Air Lines and Novus Credit Services. Other industries that are currently expanding are construction and manufacturing.

Education in Salt Lake City, UT

Salt Lake City is home to several high-profile learning institutions, with seventeen high schools being recognized on U.S. News & World Report's Best High Schools rankings. Also, two of the city’s six colleges and universities earned places on U.S. News & World Report's Best Colleges rankings.

Commuting Time in Salt Lake City, UT

Salt Lake City’s 22.3 minutes average commute time is slightly below the U.S. average of 24.8 minutes.

Traffic is eased by complementing light rail trains and buses, which are operated seven days a week by the Utah Transit Authority. The Frontrunner train runs through Salt Lake City (between Ogden and Provo), a total of 88 miles. Its stations also have free parking, apart from being within walking distance of popular shopping districts.

There’s also a TRAX train, covering a sizable area of Salt Lake Valley, with stops in downtown Salt Lake City and the Salt Lake City International Airport.

The metro area has protected bike lanes, although many residents living outside the city center drive to and from downtown (the driving population is 88%).

Salt Lake City Demographics

Population

  • Total Population197,756
  • Male Population(50.9 %) 100,748
  • Female Population(49.1 %) 97,008
  • Median Age32.30

Income/Financial

  • Average Household Income$88,128
  • Median Household Income$60,676
  • Median Income Under 25$30,707
  • Median Income 25-44$66,859
  • Median Income 45-64$68,670
  • Median Income Over 65$47,629