Insights
Original analysis of the Wasatch Front commercial market, written by the brokers who work it — no recycled headlines, just the numbers that move deals and what we’d do about them.
Office along the Wasatch Front has now posted seven straight quarters of positive absorption — with essentially nothing under construction. Salt Lake, Utah, and Davis-Weber Counties are each telling a different story, and the quality end of the market is quietly running out of space.
Salt Lake County industrial vacancy just fell for the second straight quarter — but the county average hides a market split in two. Small-bay buildings are effectively full while big boxes fight for tenants, and that gap is where every deal gets made right now.
Two-thirds of Salt Lake County's industrial base sits in three west-side corridors — and they are no longer moving together. The highest-vacancy corridor is also absorbing space faster than anywhere in the county, and the reasons say a lot about where the next cycle gets built.