Salt Lake City and Utah’s multifamily market is making headlines with over 18,000 units currently under construction. The Wasatch Front has seen close to 4,000 year-to-date unit deliveries. Occupancy rates have declined by about 1% – 2% at many properties. And the city is bracing for a massive influx of an astounding 50,000 units currently in the planning/permitting stages along the Wasatch Front. While many of those units won’t get built, this wave of development/deliveries is unprecedented and is part of the ‘new era’ of multifamily for Utah.

 

 

Svikhart & Associates, a Salt Lake City-based real estate services company, focuses on asset management, brokerage listings and sales, and all aspects of a multifamily investment. Specific diligence regards property operations and strategies to maximize asset performance and value. Additionally, the firm assists owners regarding economic, financial and market factors that impact returns on investment. The firm targets ‘Mid-Tier’ assets which it defines generally as 10-to-60-unit properties.

 

Please find us at svikhart.com or contact us at 801-550-5684 to learn about the real estate services the firm provides. To subscribe to the firm’s newsletter addressing events of the day please follow this link Newsletters.