Everyone knows current growth in Utah is unprecedented. All one has to do is drive around: apartments are being constructed everywhere (16,000+ units are under construction in April-2024 with 8,000+ currently in lease-up) and traffic in Utah has gotten noticeably more ‘challenging.’ The attached describes Utah County as the epicenter for the growth. Dejan Eskic, senior research fellow at the Kem C. Gardner Policy Institute and adjunct real estate market analysis professor at the University of Utah, offers, “…[over] the last two years, nearly two-thirds of our growth [in Utah] has come from people moving here, and about 39 percent of those people move to Utah County.” Why Utah County? The availability of land. The article provides a map showing rates of growth along the Wasatch Front. Take a look.

 

 

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.

 

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