Salt Lake City, UT Retail Space for Lease
Search 99 retail listing(s) in Salt Lake City, UT and find helpful local stats in the Market Overview section below.
Rent costs for this type of commercial space depend on a variety of factors. The foremost of these is location, which will dictate how accessible a business is and how much foot traffic it gets. Other factors, such as space type and lease structure, also come into play. On average, retail space for lease in Salt Lake City asks $26.4 per square foot.
The most common type of lease agreement you’ll find here is NNN, with 41 space(s) available under this type of arrangement. The local market is also home to 5 retail space(s) offered under a Full Service lease agreement type, and 2 Modified Gross listing(s).
The average size for this type of rental opportunity in Salt Lake City is 1,000 sqft to 2,500 sqft. Currently, the local market offers 98 listing(s) within that size range. You can also search 55 listing(s) in the 2,500 sqft to 5,000 sqft range. It should be noted that spaces in this real estate category are generally specialized to cater to the needs of a particular business, so the average sizes of different retail space types can vary greatly.
Retail space in Salt Lake City comes in all types, shapes, and sizes, so you have a good chance to find the right space for your business. The most common type here is listed as Restaurant and you can find 6 such space(s) available.
Restaurant spaces listed for rent here have an average size of 2,790 square feet. Retail space specialized for restaurants usually includes ample seating areas and enough room for the safe preparation of food. Restaurant spaces may be embedded in a larger mall or can be freestanding buildings.
However, besides these popular subtypes, the market has a lot to offer for entrepreneurs looking for the right space to promote their business and get their goods to customers.
In general, the most successful retail businesses are located within relatively close proximity of each other, which leads to some neighborhoods becoming famous shopping destinations. Even in the case of suburban strip malls, the simple fact that so many different products can be purchased under the same roof can encourage customers to spend more.
Downtown Salt Lake City is your top choice for lease opportunities, as it is currently home to the highest number of listings — 73 retail space(s).
Salt Lake City’s second most popular area is Sugar House, where you can find 37 retail listing(s). The most likely type of space you can rent here is Restaurant. If this is the kind of property you are looking for, you will find 1 listing(s) available here.
Central City is also among the best areas to search for your next commercial space. Here you can find 20 retail space(s) available for consideration by prospective tenants.
Downtown Salt Lake City
73
Sugar House
37
Central City
20
Capitol Hill
11
Ballpark
9
When you’re looking to give your business a storefront, there are a lot of decisions to be made. The first choice is, of course, location. You’ll have to decide whether your business would operate better in the heart of the city or if it is more likely to thrive in a suburban setting.
Data based on retail spaces listed for rent on CommercialSearch.com
The deal is part of the company’s Continental Realty Opportunistic Retail Fund I LP, a $323 million investment vehicle.
Newmark Knight Frank has arranged the disposition of The Family Center at Riverdale, a 427,800-square-foot shopping destination in Riverdale, Utah.
Dallas-based TriGate Capital received the financing for the 726,000-square-foot, Harmons-anchored property in Taylorsville, Utah. HFF secured the 3-year, floating-rate loan.
Situated in Fort Union, one of Salt Lake City’s premier retail destinations, the asset was built in 1974 and is currently 86 percent occupied.
Coldwell Banker Commercial NRT’s Salt Lake office will represent Vista Station, a new 100-plus acre development located in Draper, Utah.
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