Matrix Multifamily Salt Lake City Report-April 2022 April 28, 2022

Steady Gains Along the Wasatch Front

Salt Lake City maintained positive momentum, as rents rose 0.9 percent on a T3 basis through February, clocking in at $1,514. Despite the steady performance over the past year, rents are still below the $1,628 U.S. average, fueling in-migration from higher-cost western markets.