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High Supply in SLC Salt Lake City’s construction activity intensified, with nearly half of the 19,639 units underway in February having broken ground in 2024 or early 2025. Rent growth bore the brunt of stock expansion, falling 1.2 percent YoY to $1,538.
Salt Lake City’s construction activity intensified, with nearly half of the 19,639 units underway in February having broken ground in 2024 or early 2025. Rent growth bore the brunt of stock expansion, falling 1.2 percent YoY to $1,538.
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