The Salt Lake City office and industrial commercial real estate markets showed positive signs of recovery in the fourth quarter of 2024 (Q4), according to new figures released by commercial real estate company CBRE. The company said the figures highlight a turning point in market right-sizing, indicating that Salt Lake City is well-positioned for further recovery in early 2025, driven mainly by strong tenant demand.
According to CBRE’s figures, The Salt Lake City-Provo office market saw 253,216 square feet of positive net absorption in Q4 2024, totaling 135,850 square feet year-to-date. This marks the first positive annual net absorption in Please log in to see the rest of this story.
