Cushman & Wakefield | Commerce reports the apartment market in Salt Lake County as strong and solid
The vacancy rate for apartments in Salt Lake County is currently 3.0 percent. One year ago the rate was 3.9 percent. The rental inventory of Salt Lake County is nearly
“fully occupied.” The 3.0 percent vacancy rate in 2014 is the lowest rate in 13 years of rental market surveys.
Rental rates have increased by nearly 2.0 percent over the past year. The combined average rental rate for all types of units is $865. The average rental rate for a two
bedroom two bath unit is $983.