Pricing Power Separates Salt Lake City From the National Trend

While the talk in most high-development apartment markets is focused on decelerating rent growth, the opposite is true in Salt Lake City. Operators in the Salt Lake City apartment market are pushing rents for new leases more aggressively now than they have in about a decade, even as they contend with lots of oncoming supply. What’s more, it’s the top-tier units that are driving metro-level results, a trend which stands in stark contrast to what’s happening in other high-development spots across the country. Can Salt Lake City maintain this momentum going forward? MPF Research economists provide analysis in this Apartment Market Dynamics video.