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Industrial construction starts at record low in Salt Lake City, paving way for tighter market in 2026

High costs, challenging lending environment stop deals from penciling
CoStar Analytics
July 10, 2025 | 4:27 P.M.

As of the third quarter of 2025, Salt Lake City's industrial vacancy rate, 7.8%, is nearly triple what it was three years ago, as a wave of new supply has overshadowed strong demand.

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