The vacancy rate in Salt Lake City's industrial market has risen to a near-record high as the addition of new space continued to outpace softer net absorption in 2025. Local tenant representatives have noted that tenants seem more cautious, and potential deals are taking longer to close.
Salt Lake City industrial real estate could be nearing end of slump
5 takeaways for the area heading into 2026
CoStar Analytics
December 22, 2025 | 7:53 P.M.
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