Utah County Office Snapshot H2 2017
- The market gained momentum in the second half due to increased leasing.
- Net absorption and construction trailed in comparison to prior years, however the lull is likely temporary.
- The construction pipeline is strong, but new deliveries may increase the vacancy rate.
- Market activity was concentrated in new construction properties.
- There was significant owner-user development in Northern Utah County.
- Strong job growth supports market improvement.