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Commercial Real Estate in Salt Lake City, UT - 2,674 Properties Available

Salt Lake City, UT - Commercial Properties

  • Holladay Office Suites - Holladay
    2040 East Murray Holladay Road, Holladay, UT 84117
    For Lease NNN
    Property
    • Office
    Availability
    • 2 Spaces
    • 3,479 Sqft
  • Southgate Center - Salt Lake City
    3750 South State Street, South Salt Lake, Salt Lake City, UT 84115
    For Lease Contact leasing agent for details
    Property
    • Retail
    Availability
    • 2 Spaces
    • 9,200 Sqft
  • 1050 E 3300 S - North Salt Lake
    1050 E 3300 S, Millcreek, North Salt Lake, UT 84106
    For Lease Modified Gross
    Property
    • Office
    Availability
    • 1 Space
    • 1,600 Sqft
  • 921 E Executive Park Dr - Salt Lake City
    921 E Executive Park Dr, Murray, Salt Lake City, UT 84117
    For Lease Modified Gross
    Property
    • Office
    Availability
    • 1 Space
    • 1,200 Sqft
  • 3737 S State St - Salt Lake City
    3737 S State St, South Salt Lake, Salt Lake City, UT 84115
    For Sale $115.54/Sqft
    Property
    • Retail
    Availability
    • 1 Space
    • 5,626 Sqft
  • 2290 E 4500 S - Salt Lake County
    2290 E 4500 S, Holladay, Salt Lake County, UT 84117
    For Lease Full Service
    Property
    • Office
    Availability
    • 1 Space
    • 1,400 Sqft
  • 1137 S 3800 W - Salt Lake County
    1137 S 3800 W, Glendale, Salt Lake County, UT 84104
    For Lease NNN
    Property
    • Industrial
    Availability
    • 1 Space
    • 135,153 Sqft
  • 1219 E 3300 S - Salt Lake City
    1219 E 3300 S, Millcreek, Salt Lake City, UT 84106
    For Lease NNN
    Property
    • Retail
    Availability
    • 1 Space
    • 1,400 Sqft
  • 1515 S Major St - Salt Lake City
    1515 S Major St, Ballpark, Salt Lake City, UT 84115
    For Sale 795000.00
    Property
    • Industrial
    Availability
    • 1 Space
    • 9,738 Sqft
  • 2195 N warm springs Rd - Salt Lake City
    2195 N Warm Springs Rd, Capitol Hill, Salt Lake City, UT 84116
    For Sale $84.38/Sqft
    Property
    • Industrial
    Availability
    • 1 Space
    • 12,450 Sqft
  • 2211 N warm springs Rd - Salt Lake City
    2211 N Warm Springs Rd, Capitol Hill, Salt Lake City, UT 84116
    For Sale $95.73/Sqft
    Property
    • Industrial
    Availability
    • 1 Space
    • 16,714 Sqft
  • 4750 W wiley post Way - Salt Lake City
    4750 W Wiley Post Way, Jordan Meadows, Salt Lake City, UT 84116
    For Lease NNN
    Property
    • Industrial
    Availability
    • 1 Space
    • 27,544 Sqft
  • 7084 S 2300 E - Salt Lake County
    7084 S 2300 E, Cottonwood Heights, Salt Lake County, UT 84121
    For Lease Full Service
    Property
    • Office
    Availability
    • 1 Space
    • 1,353 Sqft
  • 6066 S State St - Salt Lake City
    6066 S State St, Murray, Salt Lake City, UT 84092
    For Lease $1,450/Month
    Property
    • Retail
    Availability
    • 1 Space
    • 2,309 Sqft
  • 3500 S Main St - Salt Lake City
    3500 S Main St, South Salt Lake, Salt Lake City, UT 84115
    For Lease Full Service
    Property
    • Office
    Availability
    • 1 Space
    • 1,156 Sqft
  • 3210 Highland Dr - Salt Lake City
    3210 Highland Dr, Millcreek, Salt Lake City, UT 84106
    For Lease NNN
    Property
    • Office
    Availability
    • 1 Space
    • 2,800 Sqft
  • 2246 W 5400 S - Salt Lake City
    2246 W 5400 S, Taylorsville, Salt Lake City, UT 84129
    For Lease NNN
    Property
    • Retail
    Availability
    • 1 Space
    • 1,100 Sqft
  • 2178 S 900 E - Salt Lake City
    2178 S 900 E, Sugar House, Salt Lake City, UT 84106
    For Lease Modified Gross
    Property
    • Office
    Availability
    • 1 Space
    • 624 Sqft
  • 2059 E 3900 S - Salt Lake City
    2059 E 3900 S, Millcreek, Salt Lake City, UT 84124
    For Lease $1,500/Month
    Property
    • Office
    Availability
    • 1 Space
    • 2,000 Sqft
  • 1827 S fremont Dr - Salt Lake City
    1827 S Fremont Dr, Glendale, Salt Lake City, UT 84104
    For Lease Full Service
    Property
    • Office
    Availability
    • 1 Space
    • 800 Sqft
  • 1743 W 6200 S - Salt Lake City
    1743 W 6200 S, Taylorsville, Salt Lake City, UT 84129
    For Lease NNN
    Property
    • Office
    Availability
    • 1 Space
    • 1,100 Sqft
  • 1725 W 1500 S - Salt Lake City
    1725 W 1500 S, Glendale, Salt Lake City, UT 84104
    For Sale $67.98/Sqft
    Property
    • Industrial
    Availability
    • 1 Space
    • 19,786 Sqft
  • 1435 S state St - Salt Lake City
    1435 S State St, Liberty Wells, Salt Lake City, UT 84115
    For Lease NNN
    Property
    • Office
    Availability
    • 1 Space
    • 2,200 Sqft
  • 1050 S 200 W - Salt Lake City
    1050 S 200 W, Ballpark, Salt Lake City, UT 84101
    For Lease NNN
    Property
    • Industrial
    Availability
    • 1 Space
    • 64,742 Sqft
  • 1016 S State St - Salt Lake City
    1016 S State St, Ballpark, Salt Lake City, UT 84111
    For Sale $695,000/Sqft
    Property
    • Retail
    Availability
    • 1 Space
    • 8,400 Sqft

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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: 27,396,953 SF

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

By square footage range:

  • 50k to 100k SF: 6,727,631 SF / 24.56% of total office
  • 100k to 500k SF: 20,076,664 SF / 73.28% of total office
  • 500k to 1M SF: 592,658 SF / 2.16% of total office

By class:

  • Class A+: 442,000 SF / 1.61% of total office
  • Class A: 11,883,479 SF / 43.38% of total office
  • Class B: 13,610,536 SF / 49.68% of total office
  • Class C: 224,938 SF / 0.82% of total office

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 Population190,679
  • Male Population(51.7 %) 98,491
  • Female Population(48.3 %) 92,188
  • Median Age31.50

Income/Financial

  • Average Household Income$72,922
  • Median Household Income$47,243
  • Median Income Under 25$25,967
  • Median Income 25-44$51,809
  • Median Income 45-64$59,975
  • Median Income Over 65$35,692

News

We enlisted the help of Yardi Matrix data, alongside other data providers and public sources, to find the best city in which to start up or to relocate your business. We compared U.S. cities with a population of over 100,000, and came up with a list of six major metrics to be taken into account ...

Washington, D.C.-based Easterly Government Properties, Inc. announced its agreement to purchase the 163,000-square-foot FBI field office building in Salt Lake City, Utah.

CommercialCafé is your first and only stop when it comes to commercial real estate leasings in Salt Lake City, UT. Search through our extensive selection of commercial properties for lease with current space availability in the area ranging between 624 square feet and 135153 square feet. Discover the right property from our 2674 listings by using our advanced search function, which includes search by property type, space availability, management company, lease rates, and more.