Matrix Multifamily Salt Lake City Report-Spring 2021 April 22, 2021

Fast-Paced Recovery Expected for Salt Lake City

The trend of lower-cost markets outperforming is visible in Salt Lake City. Unemployment is the lowest in the Western region and the metro’s multifamily market has been resilient. At $1,249, the average rent grew 0.4% on a trailing three-month basis through February, 30 basis points above the U.S. rate.