Paxton 365 — Lease in Salt Lake City, UT

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Retail Business
  • Location: Salt Lake City, UT 84101

Photos

Paxton 365 — Lease in Salt Lake City, UT, photo 1 of 2
Paxton 365 — Lease in Salt Lake City, UT, photo 2 of 2

Description

874 SF retail available in Salt Lake City Floor to ceiling glass spans the length of the space. Paxton 365 features 121 market rate units, and is 100% occupied. Adjacent tenant under construction is a locally-owned bar/restaurant user.

Market Context

This retail in Salt Lake City, UT is listed for lease. Compare it against other retail listings for lease in Salt Lake City, UT — view the full market.

As of Q1 2026, the Salt Lake City retail market showed a 4.1% vacancy rate, average asking rents near $22.61/SF/yr, rents up 0.7% year over year, and cap rates around 6.5%. Source: Marcus & Millichap Q1 2026 market report.

Rising rents point to a competitive market where well-priced, well-located space leases quickly.

Retail market FAQ

What is the typical cap rate for retail in Salt Lake City?
About 6.5% as of Q1 2026, per Marcus & Millichap.
Is the Salt Lake City retail market tightening or softening?
Vacancy is around 4.1%, with asking rents rising year over year (Q1 2026).

Estimated Market Rate

$2.05/SF/mo – $2.93/SF/mo

Mid: $2.49/SF/mo

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