• While other sectors struggle amid the pandemic, industrial real estate in Salt Lake City continues to surge forward.
  • 3.0 MSF reached completion during Q3 2020, bringing the YTD total to a record-breaking 4.8 MSF.
  • Growth remains demand-driven, with new lease activity up 27% year-over-year.
  • Vacancy and availability remain near all-time lows of 3.0% and 4.2%, respectively.
  • Interest in South Valley industrial space is on the rise, though the majority of activity remains in the Northwest.