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Supply relief ahead for Salt Lake City apartments as construction pipeline hits 13-year low

5 takeaways for the region heading into 2026
Developers added about 4,900 units to the Salt Lake City apartment market in 2025, including the 180-unit One Burton Community. New supply is projected to fall to a decade-low in 2026. (CoStar)
Developers added about 4,900 units to the Salt Lake City apartment market in 2025, including the 180-unit One Burton Community. New supply is projected to fall to a decade-low in 2026. (CoStar)
CoStar Analytics
December 22, 2025 | 8:17 P.M.

A persistent imbalance between supply and demand continues to weigh on Salt Lake City’s apartment market as new supply has exceeded demand over the past four consecutive years.

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News | Supply relief ahead for Salt Lake City apartments as construction pipeline hits 13-year low