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Market Overview

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EXPLORE 1 Utah MARKETToggle markets

Salt Lake City

Salt Lake City

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VACANCY

Apartment

The average Vacancy Rate was 4.6% in the Salt Lake City metro

Distribution / Warehousing

The average Vacancy Rate was 3.5% in the Salt Lake City metro

No vacancy change since Q3 2022 in the Salt Lake City metro.
The Salt Lake City metro had the lowest vacancy level since Q1 2017.

Office

The average Vacancy Rate was 18.3% in the Salt Lake City metro

Retail

The average Vacancy Rate was 11.5% in the Salt Lake City metro

RENT

Apartment

The average Asking Rent was $1,323 in the Salt Lake City metro

Distribution / Warehousing

The average Asking Rent was $7.79 in the Salt Lake City metro

Rent in the Salt Lake City metro was up 2.2% from Q3 2022.
Rent has risen in every quarter since Q1 2017 in the Salt Lake City metro.

Office

The average Asking Rent was $21.82 in the Salt Lake City metro

Rent in the Salt Lake City metro was up 0.3% from Q3 2022.
Rent Has risen for eight consecutive quarters in the Salt Lake City metro.

Retail

The average Asking Rent was $18.54 in the Salt Lake City metro

Learn more about the Utah markets from one of our professionals

Learn more about the Utah markets from one of our professionals.