How Much Does Warehouse Space Cost in Salt Lake City? (July 2026)
Small warehouse space in the Salt Lake Valley is asking roughly $0.90 to $1.50 per square foot per month right now. Bigger boxes run cheaper per foot: our current listings between 13,000 and 28,000 SF are asking $0.75 to $0.82 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.
The rate depends on three things
Size. Per-foot pricing falls as the space gets bigger. A 1,200 SF bay in Sandy asks $1.50; a 23,000 SF distribution building on State Street asks $0.75. Same valley, same month, 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 flex sublease in Sandy at $1.70 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.
What our listings are asking right now
| Size band | Current asking range | Live examples |
|---|---|---|
| Under 1,500 SF | $1.45 to $1.50 /SF/MO | 1,200 SF warehouse in Sandy at $1.50 NNN; 631 SF office/retail at Broadbent at $1.45 MG |
| 1,500 to 5,000 SF | $0.90 to $1.15 /SF/MO | 3,455 SF at Airport Business Center at $0.90 NNN; 3,200 SF at Redwood Business Park at $1.05 NNN |
| 10,000 to 30,000 SF | $0.75 to $0.82 /SF/MO | 23,384 SF heavy-power building at $0.75 NNN; 27,840 SF in Woods Cross at $0.82 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 three of our current listings:
| Listing | SF | Base rate | NNN | Base rent /mo | NNN /mo | All-in /mo |
|---|---|---|---|---|---|---|
| 583 W Billinis Rd, Unit 1 | 1,560 | $0.95 | $0.25 | $1,482 | $390 | ~$1,872 |
| Airport Business Center, Suite 110 | 3,472 | $0.90 | $0.20 | $3,125 | $694 | ~$3,819 |
| Northpoint sublease, 1920 N 2200 W | 13,470 | $0.65 intro | $0.35 | $8,756 | $4,715 | ~$13,470 |
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.
Common questions
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.
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.
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.
Colter Smith, CRES Utah · saltlakewarehouses.com