MARKET TRENDS
- Leasing volumes have stabilized in recent quarters and have consistently surpassed pre-pandemic levels as transactions are concentrated in the CBD and Southeast submarkets
- Overall availability has steadily tracked upward since Q2 2023, increasing by 130 basis points year over year to 19.6%, with Class A availability now at 22.1%.
- Post-pandemic, the Salt Lake Metro has excelled relative to many major metropolitan areas, buoyed by a strong growing labor force and a robust local tech sector