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Retail and storefront spaces are essential to Salt Lake City’s growing consumer economy. As the city continues to develop as a regional retail hub, businesses are strategically positioning themselves to capitalize on high consumer traffic and community engagement. Lease terms favor medium to long-term commitments, with 3-5 year leases (29.2%) and 5+ year leases (19.2%) being the most popular. High-traffic areas like the Downtown district and suburban commercial centers such as Sandy and Murray attract retail businesses seeking visibility and consistent customer access. Additionally, emerging neighborhoods with increasing foot traffic and residential development are becoming attractive options for new retail ventures. As retail patterns evolve, businesses are prioritizing locations that balance foot traffic with long-term lease stability, particularly in areas poised for demographic growth and urban revitalization.
TenantBase is a technology platform built specifically for tenants. We make the process to find and lease space easier by combining our unique technology with experienced local commercial real estate brokers.
Neighborhood | Average Available SQFT | Average Rate / SQFT PER Month | NUMBER OF AVAILABLE SUITES |
---|---|---|---|
Airport Area | 1,500 | $1.75 / SF | < 30 |
Cottonwood Heights | - | - | < 30 |
Davis County | 1,900 | $1.31 / SF | < 30 |
Downtown | 2,400 | $2.30 / SF | 56 |
Draper/Lehi "Silicon Slopes" | 1,300 | $3.17 / SF | < 30 |
Foothill/University | - | - | < 30 |
Murray / Midvale | 1,800 | $1.39 / SF | < 30 |
Ogden | 1,200 | $1.57 / SF | < 30 |
Old Bingham Highway | 2,200 | $2.08 / SF | < 30 |
Park City | - | - | < 30 |
Provo | 8,200 | $1.64 / SF | < 30 |
Sandy City | 1,300 | $3.08 / SF | < 30 |
Sugar House | 9,600 | - | < 30 |
West Valley | 1,500 | $1.94 / SF | < 30 |