Commercial Office Prices in Salt Lake

The Church of Jesus Christ of Latter-day Saints (LDS)the metro area has over a million residents. Salt Lake
has a prominent role in the city with the highest numberCity's population growth rate is at 29.6% which is more
of Mormon worshippers. They also contributethan double of the nation's growth rate. Crime rates
significantly to the economy by being one of the majorhere are at an average of 102 crimes per one
employers in the city. Coming from a past glory ofthousand residents which is fairly high if compared to
mining days, the city has diversified its economy to aother cities of its size. SLC offers a variety of office
more service oriented economy with trade,rental units including - furnished spaces, temporary and
transportation and government playing a major role.shared office space, virtual offices, and space fit for
The North America Delta Air Lines is another greatlawyers, cpas, agents, medical facilities and more.
contributor to the city's development as well. HealthCommercial and Downtown Growth in SLC Utah:
and educational services have also been given aPlaces of interest in the city include the Temple
boost in order to attract more people to the city. EarlierSquare, a significant meeting point of sorts for the
this year, Salt Lake City, Utah began to show signs ofactivities of the LDS church. The Family History Library
bouncing back from the economic crisis that hit thelocated to the west of the Temple Square hails as the
whole nation (which should help the commercial reallargest genealogical library in the world. The Utah State
estate market recover). The Salt Lake City officeBuilding is built much like the US Congress building with
space vacancy rates have dropped to 19.8 percent inmarble floors and a dome shaped roof top. The
the second quarter of the year and this has everyoneLiberty Park where you can see a larger number of
assuring themselves that the economic recovery hasbirds in the wild and also caged is the city's largest
indeed started. Office space rentals are currentlypark covering well over 100 acres. Another notable
averaging at $17.22 to $20.64 per square foot (theseplace in Salt Lake City is the Utah Olympic Park which
rates depends on Class A, B, or C space) and thesehosts events all year round and it's perfect for winter
prices are expected to stabilize over the next yearsports training given its snow capped mountains all
and expected to rise as more businesses (rent largeryear round. Due to its snowy terrains, the city has
building units or just personal executive suites)startworld class ski resorts which are open all year round
expanding once again. To find out how much officeas well. Downtown Salt Lake City is where the early
space your business will need to rent, check out ourLDS founders set up their base and much of the
space needed per employee guide.area's history dates back to this fact. Downtown is
Salt Lake City Population and Local Status:made up of the Temple Square, Gateway District,
Salt Lake City, the capital and most populated city ofMain Street and the South Temple. Main Street, now
the state of Utah is situated in the western Unitedthe busiest business district of the city is where the
States (other major cities in the region include Denver,first businesses were set up by the founders of the
Las Vegas, and Phoenix). It is said that almost 80% ofcity. It was when silver was found here that the city
the state's residents live in Salt Lake City and thebegan to bloom with development.
areas surrounding it. The city's population is 181,698 but