Salt Lake City Multifamily 2020 Review/ 2021 Outlook

March 22, 2021

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The 2020 review /2021 Multifamily Market Report shows the Salt Lake Metro experiencing rent growth of 1.4% and vacancy of 4.5% year over year respectively. Although the pandemic initially slowed all markets, Utah maintained one of the lowest unemployment rates in the nation. The critical economic fundamentals continue to drive the multifamily market in the right direction.