Report | Salt Lake City Office Insight - Q1 2016
The gap between Salt Lake City’s CBD and suburban markets continues to shrink, with both vacancy rates and average asking prices now at their smallest differential over the last five years (Q1 2016).
Despite net absorption numbers at two-and-a-half-year quarterly low, the SLC market’s still extremely tight with record levels of construction showing developers aren’t able to keep up with demand. 2.8 million square feet of product is set to deliver this year, which would best the previous ten-year record.
Learn more about what’s happening right now in Salt Lake City—and what we can expect over the next couple months—by downloading our Q1 2016 US Office Insight.
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