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Creative Office Space Near Trolley
For Lease
$22 SF/Yr

515 South 700 East, Salt Lake City, UT 84102

Rustic office space with exposed brick near Trolley Square.

Space SizeContact for details
Days on Market263

Property Features for 515 South 700 East

General Information

Standard status Active
Property subtype FlexIndustrial
Listing Agency: CBRE | Salt Lake City
Listed By: Kreg Peterson · License #5483446-SA00
Source: Cbre
Added: Nov 22, 2025 Changed: Aug 11 Last Checked: Aug 12 at 5:51AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE | Salt Lake City

Investment Insights

Based on property information with market context.

This unique, creative office space features a rustic style with exposed brick and open ceilings. The property offers convenient access to I-15, I-80, and the TRAX light rail. Trolley Corners includes new EV charging stations, onsite fiber connectivity, and covered parking. The property is located across the street from the Trolley Square shopping center, which provides a variety of retail and culinary amenities. The available space is suitable for immediate occupancy.

Key Highlights

  • Easy access to I‑15 and I‑80
  • Across the street from Trolley Square shopping center
  • Within walking distance to TRAX light rail

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Electrical Service Kitchen & Bath Showroom HVAC Service Carpet & Flooring Store (Bike/Boat/Book/etc) Store Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$3.30 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,874
Businesses Nearby

Demographics for 84102, UT

18,857
Population
11,348
Households
1.7
Avg Household Size
29
Median Age
56%
College-Educated
94%
High-School Grad
1.9 sq mi
ZIP Area
9,925
Density / Sq Mi
$50,040
Median Household Income
$32,432
Median Earnings
$1,305
Median Rent
$487,200
Median Home Value

Market

Lease Benchmarks for Salt Lake City, UT

$22.46 /SF/Yr
Avg Asking Price
$0.67–$69.06 /SF/Yr
Price Range
18,507 SF
Avg Space Size

This space is priced 2% below the average of $22.46 /SF/Yr.

Vacancy Rate% for Office in Salt Lake City, UT

9.7% 2019
14.7% 2020
17.9% 2021
19.3% 2022
23.6% 2023
24.8% 2024
23.1% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Rustic office space with exposed brick near Trolley Square.
Where is this office units located?
The property is located at 515 South 700 East Salt Lake City, UT.
What is the lease rate?
The lease rate is $22 SF/Yr.
What are key features of this property?
This property features: Easy access to I‑15 and I‑80; Across the street from Trolley Square shopping center; Within walking distance to TRAX light rail
More about this property
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