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Office Unit
For Lease
$17 SF/Yr

5223 Ascension Way, Salt Lake City, UT 84123

Office space is available in a substantial commercial configuration for lease.

Space Size4,256 SF
Days on Market46

Property Features for 5223 Ascension Way

General Information

Standard status Active
Size 4,256 SF
Net Rentable 4,256 SF
Class C
Property subtype office

Space & Availability

Available Space 4,256 SF
Contiguous Space 4,256 SF
Space Use Office

Spaces For Lease

at 5223 Ascension Way Contact us

Available Space

Suite
250
Floor
2nd
Size
4,256 SF
Type
Office
Term
Negotiable
Availability
Immediately
Contact us
Listing Agency: Salt Lake City
Listed By: David Nixon · License #8606046-SA00
Source: Property.jll
Added: Jul 16 Changed: Aug 30 Last Checked: Aug 30 at 1:06PM

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 Salt Lake City

Investment Insights

Based on property information with market context.

Office space totaling 4,256 SF is available for lease at 5223 Ascension Way in Salt Lake City, Utah. The property is identified as an office unit within a commercial setting and offers a dedicated configuration for office users.

Key Highlights

  • 4,256 SF of office space available for lease
  • Located at 5223 Ascension Way, Salt Lake City, UT 84123

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Restaurant Real Estate Agency Law Firm Hair Salon Spa & Massage Center Dental Office

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
$2.55 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

233
Businesses Nearby

Demographics for 84123, UT

39,489
Population
14,716
Households
2.7
Avg Household Size
34
Median Age
28%
College-Educated
91%
High-School Grad
8.3 sq mi
ZIP Area
4,758
Density / Sq Mi
$80,079
Median Household Income
$42,195
Median Earnings
$1,416
Median Rent
$436,600
Median Home Value

Market

Lease Benchmarks for Salt Lake City, UT

$22.95 /SF/Yr
Avg Asking Price
$9–$69.06 /SF/Yr
Price Range
17,520 SF
Avg Space Size

This space is priced 26% below the average of $22.95 /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 - Office space is available in a substantial commercial configuration for lease.
Where is this office units located?
The property is located at 5223 Ascension Way Salt Lake City, UT.
What is the lease rate?
The lease rate is $17 SF/Yr.
What are key features of this property?
This property features: 4,256 SF of office space available for lease; Located at 5223 Ascension Way, Salt Lake City, UT 84123
More about this property
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