Mike Petrivelli

Salt Lake City apartment rents have endured several years of annual rent losses while incomes continue to grow. This combination has resulted in a more affordable renting environment than at any ...

After eight consecutive months of declining rents, Las Vegas finally broke its losing streak in January. The average apartment rent in the metropolitan area increased 0.4% in the first month of the ...

While demand for big box space underwhelms, small bay space is driving leasing activity in the Las Vegas industrial market.

Annual demand for Ogden, Utah, apartments in 2024 was the highest ever as occupancy gains registered more than 1,800 units. Annual completions declined to a five-year low of approximately 700 units. ...

A lot can change in one year. At the start of 2024, the industrial vacancy rate in Las Vegas was 3.4%, near an all-time low. By the end of the year, it had spiked to 9.2%, almost a 600 basis point ...

The Las Vegas apartment market endured one of the nation’s sharpest vacancy jumps from 2022 to 2023, but steadied the ship in 2024.

While the number of units under construction in downtown Salt Lake City has steadily declined from the all-time high in 2022, the bulk of the metropolitan area’s pipeline remains in the urban core. ...

A rising vacancy rate, tapering demand and cooling rent growth have forced industrial developers to think twice before breaking ground in Las Vegas.

Salt Lake City’s industrial market continues to see fewer groundbreakings as it recovers from a glut of new supply. The construction pipeline peaked at 11.5 million square feet in 2022, but that ...

The historic wave of apartment completions in Las Vegas over the past five years largely missed downtown. Now, apartment developers are attempting to capitalize on the trend by bringing new, high-end ...

The Las Vegas Strip may be the epicenter of the local and state economy, but the suburbs are exhibiting the strongest retail rent growth.

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 ...

Salt Lake City is mirroring the national trend of slowing industrial rent growth but has still outpaced the U.S. average.

The trend of slowing industrial rent growth continues to play out in Las Vegas. No submarket exceeded 3% annual growth as of early December, and the market average was 2.2%. Las Vegas will likely ...

Just four retail markets west of the Mississippi River ranked in the top 15 for annual retail rent growth in the third quarter of 2024, with Phoenix and Las Vegas cracking the top five.

About 40% of Salt Lake City apartments offered renter concessions in October, down from more than 50% in September. This represented the third straight month the number of apartments offering ...

The average Salt Lake City apartment rent has fallen by 1.7% year to date, against the backdrop of elevated vacancies from supply pressure. Rent growth is on track to register a second straight year ...

The average rent in the Las Vegas apartment market fell 0.4% month over month at the end of September, representing the fifth straight month of declines. The monthly losses have nearly wiped out the ...

Roughly 43% of Las Vegas apartments offered renter concessions in October, representing the seventh month the market has been above the 40% threshold this year. Attractive concessions have helped ...

The average rent in the Las Vegas apartment market fell 0.4% month over month at the end of September, representing the fifth straight month of declines. The current trend has pared down year-to-date ...