INDUSTRIAL SPACE FOR LEASE IN SALT LAKE CITY

Why implement your industrial space in Salt Lake City?  

Salt Lake City provides a dynamic market for industrial space leasing, catering to businesses in various industries. With its strategic location and excellent transportation infrastructure, the city offers easy access to regional markets and a robust supply chain network. Industrial spaces available for lease in Salt Lake City range from large warehouses and distribution centers to flex spaces and manufacturing facilities. These spaces often feature high ceilings, ample square footage, loading docks, and other amenities designed to meet the unique needs of industrial operations. 

Salt Lake City's business-friendly environment, competitive leasing rates, and supportive community make it an attractive destination for companies seeking to expand or establish their industrial presence in the region. Whether businesses require storage, production, or distribution facilities, Salt Lake City offers a wide range of industrial spaces for lease to accommodate their operational requirements.

How much does it cost to rent an industrial space in Salt Lake City?

The cost of renting an industrial space in Salt Lake City can vary depending on several factors, including location, size, condition, and specific requirements. The average rental rates for industrial spaces in Salt Lake City range from $0.40 to $0.80 per square foot per month.

To read: our Salt Lake City MarketBeat Industrial report analyzes quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.

Are industrial space rents likely to increase in Salt Lake City?

The direction of industrial space rents in Salt Lake City is influenced by various factors such as supply and demand dynamics, economic conditions, population growth, and market forces. The city has experienced significant growth in recent years, with a strong industrial sector and increasing demand for industrial space. This increased demand could potentially lead to upward pressure on rental prices. Additionally, factors such as infrastructure development, business expansions, and market conditions can all impact rental rates. 

Popular neighborhoods in Salt Lake City

Salt Lake City offers several popular neighborhoods known for their industrial activity and availability of industrial space for lease. Here are a few notable neighborhoods to consider:

• Northwest Quadrant: This area, located in the northwest part of Salt Lake City, features large industrial parks and commercial zones. It offers easy access to major highways and is known for accommodating various industrial sectors, including manufacturing, logistics, and distribution.
• Glendale: Situated west of downtown, Glendale is an established industrial neighborhood with a mix of warehouse spaces and light industrial properties. It has a convenient location and is well-connected to major transportation routes.
• North Salt Lake: Located just north of Salt Lake City, this neighborhood is known for its industrial parks and manufacturing facilities. It provides a strategic location for businesses with easy access to major highways and transportation networks.
• Salt Lake City International Airport Area: The area surrounding Salt Lake City International Airport is an attractive location for businesses involved in aviation-related industries, logistics, and distribution. It offers proximity to the airport and excellent transportation connectivity.
• West Valley City: West Valley City, located southwest of downtown, is a growing industrial hub with diverse industrial spaces for lease. It has a range of industrial parks and commercial areas, making it an attractive option for businesses seeking industrial facilities.
  

Getting to and from Salt Lake City

Salt Lake City has a well-connected transportation infrastructure, providing various options for getting to and from the city. Here are some common modes of transportation:

• Air Travel: Salt Lake City International Airport (SLC) serves as the major air gateway to the region. It offers both domestic and international flights, connecting the city to destinations worldwide.
• Ground Transportation: Once you arrive at the airport, you can use ground transportation options such as taxis, ride-sharing services, and airport shuttles to reach your destination within the city or surrounding areas. Rental car services are also available at the airport and throughout the city.
• Public Transportation: Salt Lake City has an efficient public transportation system operated by the Utah Transit Authority (UTA). It includes buses, light rail (TRAX), and commuter trains (FrontRunner), providing convenient access to various parts of the city and neighboring communities.
• Interstate Highways: Salt Lake City is well-connected to the interstate highway system. Interstate 15 runs north-south through the city, linking it to other major cities like Las Vegas and Boise. Interstate 80 crosses east-west, connecting Salt Lake City to cities like Denver and San Francisco.
• Cycling and Walking: Salt Lake City has been investing in improving its cycling and pedestrian infrastructure. The city features bike lanes, dedicated paths, and walkable neighborhoods, making it possible to explore the city by foot or bicycle.
• Amtrak: Amtrak's California Zephyr route stops in Salt Lake City, providing rail connections to cities like Chicago, Denver, and San Francisco.