The average rent in the Salt Lake City apartment market fell nearly 1% in September, the largest monthly decline since 2022. After back-to-back months of rent losses, year-to-date gains are now flat after rising as much as 1.4% in May. The market’s elevated vacancy rate has made it challenging for landlords to push rents aggressively.
Salt Lake City apartment rents decline at fastest monthly rate since 2022
September losses wipe out year-to-date gains
CoStar Analytics
September 27, 2024 | 8:02 P.M.
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