Competition from new supply continues to weigh on Salt Lake City’s rent growth as landlords drop rates and offer generous concessions to compete for tenants.
Financial services provider Hilco Global appointed Mitch Friedel as executive director of retail development advisory and leasing in its real estate advisory practice, as it expands its clientele in the retail and mixed-use development categories. Friedel has three decades of experience, with prior roles at firms including Newmark and Related Cos.
Hotel performance across the western U.S. is increasingly shaped by the interplay between event-driven demand boosts and supply-driven performance headwinds.
Longer wait times to hook up data centers to the electrical grid are increasingly forcing property developers to get creative in finding ways to speed up the process to meet soaring demand, according to a new JLL report.
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.
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’s retail market remains fundamentally tight, supported by consistent household growth, above-average income gains and a resilient consumer base.
The Salt Lake City office market continues to face a tough time as tenants reassess space requirements and office-using job growth slows. Net absorption turned sharply negative in 2025, even as roughly half of major markets nationwide have seen annual net absorption rebound into positive territory.
Monthly apartment rent growth in the United States declined last month in its largest November drop in more than 15 years as an oversupply of units affects all parts of the country.
Casey Gibson has joined family-owned commercial real estate firm Sterling Realty Organization in the newly minted role of asset management director in a Puget Sound office market where technology giant Amazon's growth is serving as a catalyst for demand.
A disparate group of markets has emerged as the top performers for the small bay industrial sector, albeit based on different factors. The standouts include Richmond, Virginia; Tampa, Florida; Nashville, Tennessee; Columbus, Ohio; Salt Lake City, Utah; and Miami, Florida.
U.S. monthly apartment rent growth declined last month in its largest October drop in more than 15 years as an oversupply of units affects all parts of the country.
A prominent industrial deal handled by Cushman & Wakefield and an industrial disposition arranged by Cushman & Wakefield and CBRE are among the top third-quarter property sales recognized by CoStar.
Prominent retail leases signed by Big Deal Outlet, Bella Salon Suites, and Shoe Show Mega negotiated by top dealmakers from Cornerstone Residential, Legend Commercial and Continental Realty Corp. are among the third-quarter retail leases recognized by CoStar.
Prominent industrial leases signed by Jabil, AIT Worldwide Logistics and Hydroblok negotiated by top dealmakers from JLL, Colliers and CBRE are among the third-quarter industrial leases recognized by CoStar.
Prominent office leases signed by U.S. Attorney-District of Utah, MX and Ovivo negotiated by top dealmakers from CBRE, KBS, Colliers and Savills are among the third-quarter office leases recognized by CoStar.
Competition from new supply continues to weigh on Salt Lake City’s rent growth as landlords drop rates and offer generous concessions to compete for tenants.