Matrix Multifamily Salt Lake City Report-October 2022 November 08, 2022

Utah’s Capital Makes Solid Progress

Salt Lake City rents averaged $1,614 in August, with growth on a T3 basis slightly above the 0.6 percent national rate. Investment volume hit $745 million year-to-date through August and is on track to just cross the $1 billion mark by year’s end, even though investment activity began to taper near the halfway point of 2022.