Salt Lake City industrial insight - Q2 2018

Currently, over 3.6 million square feet (m.s.f.) is under construction and over 3.7 m.s.f. has already delivered this year. The nearly 7.3 m.s.f. of expected new inventory in 2018 is projected to shatter the record 4.6 m.s.f. delivered last year. Most of the 2.1 m.s.f. absorption seen this quarter comes from three build-to-suit facilities that delivered for Amazon, UPS and Keystone Automotive.

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