Provo, about 45 miles south of Salt Lake City, witnessed a significant spike in population and economy before and even more so since the pandemic years. This, in turn, has spurred a massive supply wave as developers have attempted to keep up with housing demand. Its apartment inventory has doubled since 2017.
Thinning pipeline and strong demand suggest tighter multifamily market to come in Provo, Utah
Construction starts are one-third the 2022 peak
CoStar Analytics
June 3, 2025 | 3:28 P.M.
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