More information about the level of apartment construction across the United States. Information regarding Salt Lake City is found in the graphs provided in the article. While not in the Top 10 for units under construction in the U.S. (Dallas tops the list with 55,212 units under construction), the first graph shows Salt Lake realized 8,600 units delivered to market in the last 12 months with 12,800 units currently under construction. The article suggests that with the advent of all the units coming to market regardless of location, renters should realize some relief in rates coupled with concessions as enticements to lease a unit.

 

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.