The industry's own research.
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A joint venture between Alpha Development Group and Bow River Capital has sealed $58 million of bridge debt to refinance two newly delivered adjacent multifamily developments in Utah’s Heber Valley, Commercial Observer has learned. ArrowMark Partners provided the three-year fixed-rate loan to retire past…
PROVO, UTAH — Six Ridge Partners, formerly Dakota Pacific, has divested of Riverwoods Business Park in Provo. Terms of the transaction were not released. Brandon Fugal, John Monson and Grant Lammerson of Colliers represented Six Ridge Partners in the transaction, while Summit Commercial Advisors represented the…
PROVO, UTAH — Six Ridge Partners, formerly Dakota Pacific, has completed the disposition of Riverwoods Business Park in Provo. Terms of the transaction were not released. Brandon Fugal, John Monson and Grant Lammerson of Colliers represented Six Ridge Partners, while Summit Commercial Advisors represented the…
SALT LAKE CITY — Seefried Industrial Properties, in partnership with Clarion Partners, has broken ground on a speculative industrial development at 4950 West 1100 South in Salt Lake City. The project is the firms’ first joint development in the Salt Lake City market. Slated for completion in third-quarter 2027, the…
SALT LAKE CITY — Seefried Industrial Properties, in partnership with Clarion Partners, has broken ground on a speculative industrial development at 4950 West 1100 South in Salt Lake City. The project is the firms’ first joint project in the Salt Lake City market. Slated for completion in third-quarter 2027, the…
WEST VALLEY CITY, UTAH — The State of Utah has purchased Franklin Campus, a five-building office development in West Valley City, part of the Salt Lake City metro area, for $40 million. The Utah Department of Health and Human Services will use the 312,234-square-foot office campus, which is situated on 21.7 acres,…
Salt Lake City multifamily enters 2026 with improving fundamentals as suburban vacancy fell over 100 basis points in 2025, while downtown digests 900+ luxury units delivered since 2024 amid smaller 2026 supply.
SANDY, UTAH — ARKA Properties Group has purchased a 98,820-square-foot industrial property located on Parkland Drive in the Salt Lake City metro area from a Southern California-based private developer. Lucas Burbank, Jeff Heaton, Kyle Roberts and Kelsie Akiyama of the DRAY Logistics Group at Newmark Mountain West…
This is a quarterly data and figures report published by CBRE on March 31, 2026, covering the office sector in the Salt Lake City-Provo market for the first quarter of 2026.
The Salt Lake City industrial market report for Q1 2026 covers overall market conditions including 7.9% vacancy, 61,000 square feet of net absorption, and $0.80 per square foot asking rents, alongside economic data showing 846,400 jobs and 3.6% unemployment in the region. Key findings include positive net absorption driven by warehouse/distribution gains concentrated in the Northwest submarket, manufacturing space posting the tightest vacancy at 2.2%, and nearly 8.5 million square feet of industrial space delivered since early 2024 with approximately 47% remaining available.
This is a first-quarter 2026 market report published by Northmarq covering the multifamily sector in Salt Lake City, Utah, with national context.
This is a multifamily market forecast report published by Berkadia in March 2026 covering Salt Lake City, with national context included. The report provides an outlook on the multifamily sector for 2026 in the Salt Lake City area.
This is a first-quarter 2026 industrial market report for Utah County published by Colliers, covering the industrial sector in the Salt Lake City and Utah area.
This is a market report on the Utah County office sector published by Colliers in the first quarter of 2026. The report covers office market conditions in the Utah County area within the Salt Lake City region.
This is a first-quarter 2026 retail market report for Salt Lake County published by Colliers covering the retail sector in the Salt Lake City, Utah area.
This is a quarterly market report published by Colliers in March 2026 covering the industrial sector in Salt Lake County, Utah. The report provides market analysis and data for the first quarter of 2026.
This is a quarterly report of industrial sector figures for Salt Lake City published by CBRE in Q1 2026. The report covers market data for the industrial sector in the Salt Lake City area.
This is a market report published by Colliers in March 2026 covering the retail sector in Utah County, with geographic scope including Salt Lake City, Utah, Arizona, and national markets.
This Cushman & Wakefield report analyzes Salt Lake City's office market in Q1 2026, finding an overall vacancy rate of 23.0% (down 120 basis points year-over-year), 199,100 square feet of net absorption, and average asking rents of $26.39 per square foot across all property classes. Key findings include strong demand for Class A space (52% of 729,000 square feet in new leasing activity), no new office deliveries recorded, and significant supply constraints driven by ongoing adaptive reuse conversions that have removed approximately 957,000 square feet from inventory since Q4 2022.
Salt Lake City's commercial real estate investment market recorded $1.60 billion in transaction volume year-to-date through mid-2025, representing a 28% increase from mid-year 2024, with multifamily and industrial sectors leading activity. Capitalization rates increased across three of four asset classes, with multifamily at 5.4%, industrial at 6.0%, retail at 7.0%, and office holding flat at 9.75%, while the regional economy expanded with employment at 844,100 jobs and gross metro product projected to grow from $120.6 billion in 2025 to $128.2 billion in 2027.