“…rent growth is expected to be limited by an influx of new inventory.”

The headline is the common story in many cities where the level multifamily construction is setting records, like in Utah. Salt Lake City is mentioned near the end of the short article and is described as quoted above. Seem accurate. Many, many properties are offering concessions now obviously in an attempt to maintain occupancy. But with the number of units coming on-line, many residents will be tempted to reassess their living situation.
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.

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