Mirroring nationwide trends, the Salt Lake City multifamily market continues to adapt to the weakening economic landscape<\/strong><\/a>. In November, rent growth turned negative, and by February, rates had posted a 0.5% decline on a trailing three-month basis, to $1,568. The national figure contracted by only 0.1%, to $1,702. Meanwhile, occupancy declined 180 basis points in the 12 months ending in January, clocking in at 95.2% and on par with the U.S. rate.<\/p>\n