C&W Valuation & Advisory Group Informative Snapshot of the Salt Lake City Market

DemaValuation & Advisory Q3 2013nd for suburban office space in Salt Lake City maintained momentum in third quarter 2013, as vacancy declined 90 basis points over the past year to 17.1 percent, and rental rates grew by 0.2 percent. CBD office rental rates increased 0.9 percent over the same period of time, although downtown vacancy increased by 1.2 percentage points on an annual basis to reach 18.0 percent. The Salt Lake City economy is growing at a robust rate, which suggests steady growth in the region’s Office and Industrial markets in the coming years.

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