Rent growth is slowing across all asset classes in Salt Lake City, save for retail. Five suburban submarkets are above 10% annual rent growth—Central Valley East, West Valley/Lake Park, Southeast Valley, Draper, and Sandy Southe Towne. The weakest rent growth has come from urban submarkets; however, even these areas are increasing rents by 7% or more annually.
Salt Lake City rent growth slows in all assets except retail
The capital ranks among top markets in the state for retail gains
CoStar Analytics
December 16, 2024 | 9:55 P.M.
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