A sharp rise in the vacancy rate has given many industrial developers pause in Salt Lake City. After a nearly 500 basis points rise in vacancies in two years, the current construction pipeline has declined by about 8 million square feet, or about 65%, from its 2021 all-time high.
Salt Lake City Industrial Construction Pipeline Continues To Moderate
Two Pockets of Development Comprise Half of Total Pipeline
CoStar Analytics
May 31, 2024 | 9:02 P.M.
RELATED ARTICLES
This news story is available exclusively to CoStar subscribers.
Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
This news story is available exclusively to CoStar subscribers.
Ready to Learn More?
Sign Up For a Personalized Demo.
Sign Up For a Demo To Learn More.
Already A Subscriber? Sign In