Salt Lake City, UT Commercial Real Estate for Lease - 363 Listings

Murray Park Building

154 E Myrtle Ave, Murray, UT
Property

Office
Availability

1 Space

2,535 SF
For Lease Contact for pricing
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Central Park West | For Lease

1875 S State St, Liberty Wells, Salt Lake City, UT
Property

Office
Availability

1 Space

2,831 SF
For Lease Contact for pricing
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Eagle Plaza

4505 South Wasatch Blvd, Millcreek, Salt Lake City, UT
Property

Office

42,692 SF
Availability

1 Space

704 SF
Year Built

1987
For Lease

$23.50/SF/YR
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Avanti Workspace (Woodland Towers)
Avanti Workspace
4001 South 700 East Suite 500, Salt Lake City, UT
Services

Virtual Office

Open Workspace

Private Office
Amenities

Filming equipment

Receptionist/Secretarial services
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Old Mill Business Center I & II

6415 South 3000 East, Holladay, Salt Lake City, UT
Property

Office

95,260 SF
Availability

3 Spaces

27,615 SF
Year Built

1999
For Lease

$26.00/SF/YR
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Stonewater Park Building I

215 Admiral Byrd Rd., Jordan Meadows, Salt Lake City, UT
Property

Office

71,000 SF
Availability

1 Space

18,672 SF
Year Built

2000
For Lease

$15.00/SF/YR
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Sorenson Research Park 8

4215 South Riverboat Road, Taylorsville, Salt Lake City, UT
Property

Office

78,400 SF
Availability

4 Spaces

80,000 SF
Year Built

2009
For Lease Contact for pricing
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Commerce Park II

480 East Winchester Street, Murray, UT
Property

Office

26,816 SF
Availability

2 Spaces

7,238 SF
Year Built

1988
For Lease

$23.00/SF/YR
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Carpenter Building

331 South Rio Grande, Downtown Salt Lake City, Salt Lake City, UT
Property

Office

47,000 SF
Availability

4 Spaces

10,997 SF
Year Built

1912
For Lease

$12.00 - $21.00/SF/YR
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2159 S 700 E

2159 S 700 E, Sugar House, Salt Lake City, UT
Property

Office

11,325 SF
Availability

1 Space

1,405 SF
Year Built

1984
For Lease

$22.50/SF/YR
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Center 53

434 West Ascension Way, Murray, UT
Property

Office

199,320 SF
Availability

2 Spaces

57,507 SF
Year Built

2017
For Lease

$27.00 - $32.00/SF/YR
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Boston Building

9 E. Exchange Pl., Downtown Salt Lake City, Salt Lake City, UT
Property

Office

107,098 SF
Availability

4 Spaces

22,135 SF
Year Built

1907
For Lease

$30.00/SF/YR
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Cornerstone I

2750 East Cottonwood Pkwy, Cottonwood Heights, UT
Property

Office

160,841 SF
Availability

1 Space

3,367 SF
Year Built

2014
For Lease

$36.00/SF/YR
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2040 East Murray Holladay Road

2040 East Murray Holladay Road, Holladay, UT
Property

Office

50,982 SF
Availability

5 Spaces

9,513 SF
Year Built

1975
For Lease

$14.00/SF/YR
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Holladay Financial Center

2040 East Murray Holladay Road, Holladay, UT
Property

Office

50,982 SF
Availability

1 Space

3,000 SF
Year Built

1975
For Lease

$7.00/SF/YR
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Social Hall Plaza-Offices

150 E Social Hale Ave, Central City, Salt Lake City, UT
Property

Office

161,280 SF
Availability

3 Spaces

83,565 SF
Year Built

1998
For Lease

$29.50 - $33.00/SF/YR
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550 E. South Temple

550 E. South Temple, Central City, Salt Lake City, UT
Property

Office

140,737 SF
Availability

4 Spaces

63,790 SF
Year Built

1982
For Lease

$21.00/SF/YR
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Pickett Circle

537 W. Pickett Cir., Glendale, Salt Lake City, UT
Property

Industrial

67,477 SF
Availability

1 Space

4,391 SF
Year Built

1998
For Lease

$15.00/SF/YR
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Cubework Salt Lake City

485 Jimmy Doolittle Road, Jordan Meadows, Salt Lake City, UT
Property

Industrial

300,000 SF
Availability

1 Space

300,000 SF
Year Built

2022
For Lease Contact for pricing
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650 W 4100 S | Gordon Jensen Trucking

650 W 4100 S, Murray, Salt Lake City, UT
Property

Other

7,230 SF
Availability

1 Space

7,320 SF
For Lease Contact for pricing
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Key Bank Tower

36 S State St, Downtown Salt Lake City, Salt Lake City, UT
Property

Office

382,266.99 SF
Availability

3 Spaces

23,420 SF
Year Built

1976
For Lease

$34.00 - $37.00/SF/YR
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Wasatch Renal Center | Suite 115 | For Lease

3702 S State St, South Salt Lake, UT
Property

Office
Availability

1 Space

1,596 SF
For Lease Contact for pricing
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The Shop SLC
The Shop
350 East 400 South, Salt Lake City, UT
Services

Virtual Office

Open Workspace

Event Space

Meeting Room

Private Office

Dedicated Desk
Amenities

Complimentary coffee & tea

Free water

High-speed wifi

IT support

Kitchen

Mail services

Notary/Legal services

Pet friendly

Printer

Privacy booths
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170 South Main Street

170 South Main Street, Downtown Salt Lake City, Salt Lake City, UT
Property

Office

255,255 SF
Availability

1 Space

5,992 SF
Year Built

1983
For Lease

$23.50/SF/YR
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Cottonwood Corporate 10

2825 E. Cottonwood Pkwy., Cottonwood Heights, UT
Property

Office

109,365 SF
Availability

4 Spaces

14,713 SF
Year Built

1998
For Lease

$34.00/SF/YR
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310 South Main Street

310 South Main Street, Downtown Salt Lake City, Salt Lake City, UT
Property

Office

232,585 SF
Availability

7 Spaces

75,257 SF
Year Built

1970
For Lease

$23.00 - $28.50/SF/YR
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Salt Lake City commercial real estate market incorporates 13,394,220 square feet of office space across 233 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis. In Salt Lake City, the coworking segment of the commercial real estate market incorporates about 2,210 square feet.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Salt Lake City commercial real estate market includes 1,536,894 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Salt Lake City market, there is a total of 13,839,420 square feet of industrial property.

The listing inventory in Salt Lake City incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Salt Lake City is represented by Industrial space, which accounts for 11,161,850 square feet of available listings. Office space available in Salt Lake City adds up to 5,473,107 square feet.

Meanwhile, most of the listings of commercial property for sale in Salt Lake City are in the Office category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in Salt Lake City is $23.23 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Salt Lake City can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset. What’s more, each commercial property type makes its own rent market: while the average rent for office space rested at $26.96 per square foot, industrial space in Salt Lake City saw average rents of $9.83 per square foot.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Salt Lake City, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Salt Lake City is in the Downtown Salt Lake City neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the Downtown Salt Lake City area.

Meanwhile, retail space opportunities are most abundant in the Downtown Salt Lake City submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in Glendale.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $42 per square foot. In particular, the property type commanding the highest lease rates in Salt Lake City was Retail space.

Conversely, the highest sale price last year was $10,343,000 that is located at 2835 South Decker Lake Drive.

The average size of a commercial property in Salt Lake City depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Salt Lake City, the average size of an office property is 79,728 square feet.
Retail properties here incorporate an average of 43,912 square feet.
Industrial space in Salt Lake City is in buildings that are, on average 206,559 square feet in size.

Salt Lake City, UT Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Salt Lake City currently add up to 17,538,856 square feet. The market offers 205 active office listing(s), which amount to 5,473,106 square feet and account for 60% of commercial spaces on the market. Local retail availability includes 542,317 square feet across 59 retail space(s). Industrial space for rent opportunities in Salt Lake City amount to 11,161,850 square feet across a total of 70 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	205	5,473,106
Retail	59	542,317
Industrial	70	11,161,850
Other	7	361,582

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Salt Lake City, UT. Currently, there is 1,414,084 square feet of commercial property for sale here , which includes 28 office building(s) for sale , 5 retail investment opportunity listing(s) , and 11 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	28	452,608
Retail	5	27,540
Industrial	11	265,007
Other	18	668,929

Salt Lake City, UT Commercial Real Estate Market Overview

As the “low place in the high mountains,” Salt Lake City is about as diverse a city as they come. Right on the edge of the largest inland lake in the western U.S., it enjoys four distinct seasons while being just minutes from world-class skiing on the Wasatch Mountains and the greatest powder on Earth. The developing tech scene in Silicon Slopes has only added to the diversity of cultures, creating a truly unique city of one-of-a-kind experiences. Even though Salt Lake City is known for winter sports and activities, the city itself doesn’t get any snow in the winter and remains vibrant all year long.

Salt Lake City, UT Commercial Real Estate for Lease - 363 Listings

Murray Park Building

Central Park West | For Lease

Eagle Plaza

Avanti Workspace (Woodland Towers)

Old Mill Business Center I & II

Stonewater Park Building I

Sorenson Research Park 8

Commerce Park II

Carpenter Building

2159 S 700 E

Center 53

Boston Building

Cornerstone I

2040 East Murray Holladay Road

Holladay Financial Center

Social Hall Plaza-Offices

550 E. South Temple

Pickett Circle

Cubework Salt Lake City

650 W 4100 S | Gordon Jensen Trucking

Key Bank Tower

Wasatch Renal Center | Suite 115 | For Lease

The Shop SLC

170 South Main Street

Cottonwood Corporate 10

310 South Main Street

Frequently Asked Questions

Salt Lake City, UT Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

Salt Lake City, UT Commercial Real Estate Market Overview

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Salt Lake City, UT Commercial Real Estate for Lease - 363 Listings

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Salt Lake City, UT?

What factors affect the price of commercial real estate in Salt Lake City, UT?

What is the average rent for commercial space in Salt Lake City, UT?

What are the best areas for commercial real estate in Salt Lake City, UT?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Salt Lake City, UT?

Salt Lake City, UT Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

Salt Lake City, UT Commercial Real Estate Market Overview

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About us