Photo: Luke van Zyl / Unsplash. Illustrative stock photograph; not a property or company discussed in this article. Utah has a retail boom, but it depends on which ground floor you are standing on. Traditional retail built from 2016 to 2025 in Salt Lake City’s core averages about 2.9% vacancy, according to Andy Moffitt, a partner at Newmark Mountain West. He shared the numbers at the ULI Utah Trends conference, as reported by Building Salt Lake on Oct. 28. “Sub-3…
MarketSalt Lake City
Utah Retail Is Under 3% Vacant. The Shops Under Apartment Buildings Are 3.5 Times Emptier.
Utah’s traditional retail and mixed-use storefronts show different vacancy rates, with implications for developers, commercial brokers and investors.
