Matrix Multifamily Salt Lake City Report-April 2024 April 25, 2024

Salt Lake City Stocks Up on Space

Salt Lake City has continued to add to supply. Its pipeline has expanded, and 1,337 units were delivered in the first two months of 2024, following a year-over-year increase last year. Consequently, rents dropped 0.4 percent on a T3 basis through February, to $1,547.