Salt Lake City's Office Rent Growth Is On Par With National Numbers

Salt Lake City continues to see the healthy job growth and office demand that has underpinned local commercial real estate markets this cycle. Office-using employment has been boosted by the rapidly growing technology and financial service sectors. Office rents posted moderate gains of around 2.3% over the past year, in line with the national index. This represents a decline from the healthier growth seen over the past few years, as gains averaged around 3.1% from 2014 to 2017.