Kearns Building - office in Salt Lake City, UT
Office

Kearns Building

136 s main st salt lake city, ut, 84101, salt lake city, UT 84101

Price

Price on request

Description

Now available for lease or sublease, office Kearns Building located at 136 S Main St Salt Lake City, Utah 84101. Available square footage 1,197 - 17,493 SF.

Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.

Location

136 s main st salt lake city, ut, 84101, salt lake city, UT 84101

Marker
Leaflet © OpenStreetMap contributors

Market Context

As of Q1 2026, the Salt Lake City office market showed a 0.7% vacancy rate, and rents up 1.7% year over year. Source: Cushman & Wakefield Q1 2026 market report.

Projected current pricing

low confidence
Projected asking rent
$26.82/SF/yr
Estimated sale value
$186–$242/SF

Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q3 2025 Newmark data (cap rate 6.6%, asking rent held flat).

View the full Salt Lake City Office market report →

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Compare it against other office listings for sale in Salt Lake City, UT to benchmark pricing and space — view the full market.

Office market FAQ

Is the Salt Lake City office market tightening or softening?
Vacancy is around 0.7%, with asking rents rising year over year (Q1 2026).

Unified Estimate

Low Confidence
$25.50/SF-$34.50/SF
Mid: $30.00/SF

Rate estimator only; cost-of-business estimate unavailable.

Sale Price History

Market report quarterly trend fallbackFIPS 49035

Low Confidence
  • Avg Rent ($/SF/yr) (market data)
  • Vacancy %
Q2 '20Q4 '20Q4 '23Q1 '25Q3 '25Q4 '25Q1 '26$0$8$16$24$320%10%20%30%40%
Market asking rent (quarterly avg)Vacancy rate (right axis)

Investment Analysis

Beta Feature: Investment Analysis is currently in beta testing. Metrics are calculated based on available financial data and market comparables. Results are for informational purposes and should not be considered financial advice. Verify all assumptions and consult with a financial advisor before making investment decisions.

Financing Assumptions

Insufficient financial data for full analysis. Add more financial fields to improve metric coverage.

Market Employment Trend

YoY Growth:+1.1%
Avg Weekly Wage:$1,412

December 2025 • Source: BLS QCEW

Economic Indicators

30-Yr Mortgage:6.47%
CPI Inflation (YoY):4.2%

Source: FRED

Market Demographics

Census ACS 2024
Population1,196,523
Median Income$97k↑ 31%
College Educated35.1%
Median Age34.0 yrs
Median Home Value$526k
Unemployment3.8%

2024 American Community Survey 5-Year Estimates •Released annually by U.S. Census Bureau

Assumptions
  • Interest rate: 6.47% (FRED live)
  • Loan term: 25 years
  • Down payment: 25.0%
  • Market comparison: office in salt lake city, UT

More Office for Sale in Salt Lake City, UT(5)

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Listed by

JLL