Matrix Multifamily Salt Lake City Report-October 2023 November 01, 2023

SLC Rents Rise

Salt Lake City rents rose 0.2 percent on a T3 basis through August, mirroring the nation and reaching $1,592. Developers have delivered 2,076 units this year, contributing to a 110-basis-point drop year-over-year, to 94.8 percent.