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Salt Lake City SlowsSalt Lake City stagnated early this year, with rent depreciating 0.5 percent on a T3 basis through February, to $1,568, while the national average contracted 0.1% to $1,702. Occupancy dropped 180 basis points in the 12 months ending in January, construction starts halted and transactions were limited to smaller properties.
Salt Lake City stagnated early this year, with rent depreciating 0.5 percent on a T3 basis through February, to $1,568, while the national average contracted 0.1% to $1,702. Occupancy dropped 180 basis points in the 12 months ending in January, construction starts halted and transactions were limited to smaller properties.
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