431 West 1500 South — Lease in Salt Lake City, UT

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Industrial Property
  • Location: Salt Lake City, UT 84115

Description

Industrial | For Lease: 3.21 ac Building 1- Main±7,200 SF Total±1,350 SF Office±5,850 SF Warehouse±3,600 SF covered canopy connected to the building16' clear height(6) 12' x 14' grade-level doorsLED light

Market Context

This industrial in Salt Lake City, UT is listed for lease. It has been on the market for 176 days. Compare it against other industrial listings for lease in Salt Lake City, UT — view the full market.

As of Q1 2026, the Salt Lake City industrial market showed a 2.5% vacancy rate, average asking rents near $5.64/SF/yr, and cap rates around 5.2%. Source: multiple brokerage reports, Q1 2026.

Tight vacancy keeps competition for quality space elevated.

Industrial market FAQ

What is the typical cap rate for industrial in Salt Lake City?
About 5.2% as of Q1 2026, per multiple brokerage reports.
Is the Salt Lake City industrial market tightening or softening?
Vacancy is around 2.5% (Q1 2026).

Estimated Market Rate

$0.49/SF/mo – $0.67/SF/mo

Mid: $0.58/SF/mo

Rate-first confidence-weighted blend with cost-of-business adjustment.

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