• Salt Lake City-Provo office absorbed 197,418 sq. ft. on net this quarter, with the majority of activity coming from the Downtown, Cottonwood and South Valley areas.
  • In Q3 2019, 3.6 million sq. ft. was under construction throughout Salt Lake and Provo counties, with the majority in the Tech Corridor submarkets.
  • New development, subleases and owner-user development have all contributed to increased vacancy, now at 11.3% market-wide.