Salt Lake City, Utah, is a prime destination for businesses and travelers alike, with its unique blend of outdoor recreation, cultural attractions, and economic opportunities. With a strong tourist industry focused on skiing, outdoor recreation, and religious tourism, Salt Lake City is an ideal location for Retail Space, offering a diverse range of opportunities for businesses to thrive. The city's extensive infrastructure, including Rocky Mountain Power, Dominion Energy, and the TRAX transportation system, provides a solid foundation for businesses to operate efficiently. Additionally, the city's proximity to major attractions like Hogle Zoo, the Great Salt Lake, and the Olympic venues makes it an attractive location for Retail Space, with a potential customer base of over 190,000 people.
With 95 Retail Space listings available for lease, Salt Lake City offers a wide range of options for businesses looking to establish a presence in the city. The average annual rent per square foot is $26 USD, with a minimum of $8 USD and a maximum of $42 USD. The average size of Retail Space available is 3,524 square feet, with options ranging from 100 to 33,322 square feet. In addition to Retail Space, Salt Lake City also offers a range of other property types, including Restaurants, Medical Offices, and Office Space, each with its own unique characteristics and opportunities. Restaurants, for example, can benefit from the city's thriving food scene, while Medical Offices can take advantage of the city's strong healthcare industry. Office Space, meanwhile, can capitalize on the city's growing professional and business services sector.
What is the average cost per square foot for retail space in Salt Lake City?
The average cost per square foot for retail space in Salt Lake City is $26 USD per square foot, with 95 available listings ranging in size from 3,524 square feet to 33,322 square feet.
How do anchor tenants affect surrounding retail space leases?
In Salt Lake City, anchor tenants, such as department stores or grocery stores, can positively impact surrounding retail space leases by increasing foot traffic, driving sales, and creating a desirable location for smaller retailers, with 95 available listings of retail space for lease, offering average annual rent of $26 USD per square foot, and average size of 3,524 square feet, making it an attractive option for businesses looking to capitalize on the anchor tenant's customer base.
