Mountain West Commercial Real Estate (MWCRE), a Salt Lake City-based, independently owned commercial real estate brokerage, has released its market report for the Salt Lake City multifamily market in 2023. The report highlights several key takeaways that provide insights into the current and future state of the market.
One significant observation from the report is the expectation of continued high vacancy rates over the next year, as construction deliveries outpace average absorption rates. However, 2024 absorption may surpass the six-year yearly average due to factors such as housing affordability concerns and rising Please log in to see the rest of this story.
