With over 50% of apartment properties in Salt Lake City offering concessions, it’s no surprise that things aren’t looking too good for owners. Per a recent report from Yardi, there were no concessions being offered last year at this time. Unfortunately, the situation is likely to worsen as over 20,000 units are set to come online in Salt Lake over the next 6-18 months. Buckle up…

 

 

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.