How Much Does Warehouse Space Cost in Salt Lake City? (October 2026)
Small warehouse space in the Salt Lake Valley is asking roughly $1.00 to $1.80 per square foot per month right now. Bigger boxes run cheaper per foot: our largest live listing, a 14,065 SF flex, is asking $1.20 NNN. Every number on this page comes off our own live listings this month, so you're reading actual asks. Here's what moves the number and what your monthly check ends up looking like.
How much does it cost to rent a warehouse?
Warehouse space in the Salt Lake Valley is quoted per square foot per month, not per year. Small bays under 5,000 SF are asking $1.00 to $1.80 per foot per month right now, and per-foot pricing falls as the space gets bigger. Base rent is that rate times your square footage, and NNN charges go on top.
Asking rates across SLW-listed availabilities as of October 8, 2026.
What drives warehouse rent in Salt Lake City
Size. Per-foot pricing falls as the space gets bigger. A 1,200 SF bay in Sandy asks $1.50; a 13,470 SF distribution box at Northpoint asks $0.65 to start. Same valley, same month, less than half the rate. Small bays carry more management and turnover per foot, and the rate reflects it.
Spec and finish. Clear height, dock vs grade loading, power, and how much office is built out all move the number. A flex space with real office finish rents above a plain warehouse shell every time. Our highest per-foot listing right now is a finished 950 SF office with yard in West Valley at $1.80 modified gross.
Submarket. The same building rents differently in Sandy than it does in West Valley. If you want the corridor-by-corridor read, we wrote a guide for every submarket in the valley: submarkets guide.
Warehouse asking rates by size, October 2026
Asking rates across SLW-listed availabilities as of October 8, 2026. Ranges reflect our current listings in each size band. A band without live inventory drops out of this table until something opens up.
| Size band | Current asking range | Live example |
|---|---|---|
| Under 1,500 SF | $1.45 to $1.80 /SF/MO | 1,200 SF warehouse at Sandy Industrial Park at $1.50 NNN |
| 1,500 to 3,000 SF | $1.00 to $1.05 /SF/MO | 1,600 SF warehouse at Redwood Business Park at $1.05 NNN |
| 3,000 to 5,000 SF | $1.05 to $1.20 /SF/MO | 3,200 SF warehouse at Redwood Business Park at $1.05 NNN |
| 5,000 to 10,000 SF | $0.90 to $1.20 /SF/MO | 8,400 SF warehouse in Sandy at $1.20 NNN |
| 10,000 SF and Up | $1.00 to $1.20 /SF/MO | 9,000 to 12,000 SF manufacturing in West Jordan at $1.05 NNN |
These update as our inventory changes; current availability is always on the live listings. If you're under 5,000 SF and want the size-by-size breakdown, that's the small warehouse space guide.
NNN vs modified gross
The advertised rate is almost never your whole monthly check. Most Salt Lake warehouse leases are NNN, which means you also pay your share of property taxes, insurance, and common-area maintenance on top of base rent. Tenants relocating from out of state are usually surprised to find snow removal in the CAM budget. It's real money here.
Across our parks, NNN charges currently run about $0.20 to $0.42 per square foot per month depending on the property. Here's the all-in math on two of our current listings, across SLW-listed availabilities as of October 8, 2026:
| Listing | SF | Base rate | NNN | Base rent /mo | NNN /mo | All-in /mo |
|---|---|---|---|---|---|---|
| Sandy Industrial Park: Unit 542 | 1,200 | $1.50 | $0.42 | $1,800 | $504 | ~$2,304 |
| Sandy Industrial Park: Unit 9523 | 1,200 | $1.50 | $0.42 | $1,800 | $504 | ~$2,304 |
The all-in column is the one to compare. Northpoint's $0.65 introductory rate lands around $1.00 all-in once NNN is included, which is still a strong number for 13,470 SF of distribution space. The point is that a $0.65 NNN quote and an $0.85 gross quote are two different kinds of numbers, and you can't line them up until both are all-in monthly.
A modified gross (MG) deal rolls some of those costs into the quoted rate. That's why our 631 SF unit at $1.45 MG can come in under what the headline suggests next to an NNN quote. When you're deciding between two spaces, put both on an all-in monthly basis first. I've watched tenants pick the wrong building because they compared headline rates.
Run your own comparison
Space A
Space B
Enter square feet and a base rate for both spaces to see the difference.
These are asking-rate math, not a quote. Want it run on real listings? Call (801) 755-8794 or contact Colter.
Prefer a standalone version? Use the warehouse lease calculator.
Common questions
How much does a warehouse cost per month?
Industrial space here is quoted per square foot per month, so base rent is that rate times your square footage, and your share of NNN goes on top of it. The all-in table above works that math on every current listing that publishes an NNN estimate. If you are comparing two specific quotes, the calculator on this page puts both of them on the same monthly basis.
Why is the range so wide?
Size is most of it. Per-foot pricing falls as the space gets bigger, because a small bay carries more management and turnover per foot than a big box does. Spec and finish move it next, then submarket. The size-band table above shows the current spread across our own live listings, so you can price off the band your requirement actually sits in instead of a blended average.
Why do listing sites show a higher average?
Because the average mixes new Class A big-box with 1970s small-bay, and that blend describes no building you'd actually tour. One tenant-rep site quotes Salt Lake industrial at $12 to $14 per square foot per year. Our live small-bay asks land somewhere else entirely depending on the size band.
What does a lease actually cost to get into?
First month and a security deposit are standard, plus financials for the application. The financials usually dictate what the deposit ends up being once ownership reviews them. TI depends on the deal. On a typical small-bay lease, expect paint and carpet in the office, the work that makes the space clean for a new tenant. New doors, HVAC rerouting and ducting, or added power is a different conversation, and usually means a longer lease or different economics to offset the cost.
What do NNN charges cover, exactly?
Your share of property taxes, building insurance, and common-area maintenance: parking lot, landscaping, exterior lighting, snow removal. They reconcile annually, so the monthly figure is an estimate that trues up. For the full breakdown, including how CAM fits in and what reconciliation looks like, see what NNN charges cover on a Utah warehouse lease.
Are rates going up or down?
Rates move every quarter. We put the current read in our quarterly report rather than letting this page drift out of date: quarterly market report. The rates above are pulled from live listings and dated at the top of the page.
What does SF/YR mean?
It is the annual rent per square foot. Most national listing sites quote that way, and most Salt Lake industrial space is quoted per square foot per month instead. Divide by 12 to compare: $12.00/SF/YR is $1.00/SF/MO. A 3,000 SF space at $12.00/SF/YR and one at $1.00/SF/MO both cost $3,000 a month in base rent.
How do you calculate price per square foot?
Divide the monthly rent by the square footage. A space renting for $2,625 a month at 2,500 SF is $1.05 per foot per month. Watch the measured area: some buildings quote on usable square feet and some load a common-area factor into the number, which is why two spaces that feel the same size can price differently.
How do I calculate commercial rent?
Base rent plus NNN, multiplied by the square footage. At $1.05 base and $0.30 NNN on 3,000 SF, that is $4,050 a month before utilities. Ask the landlord for the current year's NNN estimate rather than last year's actual, and get it in writing before you sign, because the difference shows up on your first reconciliation.
Get a real number for your requirement
Tell me the size, the use, and the loading you need, and I'll tell you what that space is actually costing in the submarkets that fit, plus what's available this week. Call (801) 755-8794 or contact Colter. If you'd rather browse first, the live listings show every current ask, and if you're deciding whether to work with a broker at all, here's what we actually do.
By Colter Smith, Commercial Real Estate Agent · CRES Utah
Licensed Utah real estate agent, UT Lic. #12359735-SA00. Every figure on this page comes from our own listings and closed transactions. About Colter