Las Vegas industrial pipeline has declined more than 50 percent from peak
Less than eight million square feet of industrial space underway at end of 2024
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 industrial pipeline falls 80% from peak
Higher vacancy, slowing demand cause developers trepidation
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 ...
Downtown Las Vegas apartment pipeline swells as suburban development subsides
Elevated vacancy rate, stagnant rent growth has many developers pulling back
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 bri...
Suburban retail rent growth outperforms the Las Vegas Strip
Three of top-five submarkets exceed 5% annual gains
The Las Vegas Strip may be the epicenter of the local and state economy, but the suburbs are exhibiting the strongest retail rent growth.
Salt Lake City rent growth slows in all assets except retail
The capital ranks among top markets in the state for retail gains
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 ...
Salt Lake City industrial rent growth moderates, remains above national average
Annual rent gains slowed across the Utah capital’s submarkets
Salt Lake City is mirroring the national trend of slowing industrial rent growth but has still outpaced the U.S. average.
Industrial rent growth continues to decelerate across Las Vegas
New construction and unimpressive demand loom over industrial sector’s outlook
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 Ve...
These two mountain markets are among nation’s leaders in retail rent growth
Demographics, limited space availability drive healthy gains in Phoenix, Las Vegas
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 ...
Renter concessions help stabilize Salt Lake City’s apartment market
Roughly 40% of apartments offered concessions in October
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 apartmen...
Apartment rents decline 1.7% year to date in Salt Lake City
October represents fourth straight month of rent declines
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 se...
Las Vegas apartment rents continue to fall in October
The average rent decreased 0.5% month over month, negating year-to-date gains
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 ne...
Two out of five Las Vegas apartments offered renter concessions in October
Apartment demand rises, but vacancy rate remains historically high
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 concessi...
Las Vegas apartment rents decline for fifth consecutive month
The average rent decreased month over month in September, paring year-to-date gains
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 pare...
More than 50% of Las Vegas apartments offer concessions for third straight month
Market continues to heal from historically high vacancy rate
More than 55% of Las Vegas apartments were offering renter concessions in August, the third consecutive month the market has been above the 50% threshold. Concessions are playing a...
Provo, Utah, apartment rents fall for second straight month in September
Year-to-date rent losses steepen to 0.8%
Provo apartment rents decreased 0.7% in September, the market’s largest monthly decline since last October. On the heels of two straight months of rent losses, the average rent has...
Salt Lake City apartment rents decline at fastest monthly rate since 2022
September losses wipe out year-to-date gains
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 ...
Salt Lake City Apartment Rents Suffer Sharpest Annual Decline
Rents Fell 0.4% Month Over Month in August, Year-to-Date Gains Stand at 0.7%
The average rent in the Salt Lake apartment market declined 0.4% month over month at the end of August, the largest decrease since August of last year.
Provo, Utah, Apartment Rents Decline for Fourth Month in 2024
Rents Decreased 0.2% From Previous Month, Results in Year-to-Date Rent Losses
The average apartment rent in Provo decreased 0.2% from the previous month at the end of August, the fourth month the market has suffered monthly rent losses. The recent decline ha...
Strong Demand Coincides with More Renter Concessions in Las Vegas
Over Half of Las Vegas Apartments Offered Renter Concessions in July
About 53 percent of Las Vegas apartments offered some form of a concession to renters in July, a considerable rise from 35 percent last July. This was the first time more than 50 p...
Las Vegas Apartment Rents Post Slight Loss for Fourth Straight Month
The Average Rent in Las Vegas Still Up Nearly 1% Year to Date
The average rent in the Las Vegas apartment market declined for a fourth consecutive month in August, mirroring a trend of rent losses from last summer. Despite the recent string o...