Directory Of Salt Lake City » Salt Lake City Directory http://www.directoryofsaltlakecity.com/blog Your Online Information Resource For The Salt Lake City Community Fri, 26 Mar 2010 18:03:26 +0000 http://wordpress.org/?v=2.8.4 en hourly 1 Apartment Vacany Rate In Salt Lake County Is Rising Due To Increased Supply Of New Apartments http://www.directoryofsaltlakecity.com/blog/apartment-vacany-rate-in-salt-lake-country-is-rising-due-to-increased-supply-of-new-apartments/ http://www.directoryofsaltlakecity.com/blog/apartment-vacany-rate-in-salt-lake-country-is-rising-due-to-increased-supply-of-new-apartments/#comments Wed, 14 Oct 2009 23:57:24 +0000 http://directoryofsaltlakecity.com/blog/?p=2237 salt-lake-city-realestatesaltlakeapartmentsThe apartment vacancy rate in Salt Lake County rose to 6.8 percent in the third quarter, up from 4.3 percent compared to the same quarter one year ago, according to the CB Richard Ellis Apartment Report. 
“Over the past year the apartment vacancy rate has substantially increased, but it appears to be stabilizing going into the fourth quarter,” said Seth Rossow, multi-family investment specialist at CB Richard Ellis. “In 2010, the vacancy rate will again rise as new apartment buildings come on-line.”

Currently, there are 13 apartment projects with a combined 3,103 units under construction in Salt Lake County. In the past 12 months eight apartment communities having a combined total of 1,713 units have been completed. Compared to the previous 10 years, an average of 600 apartment units have been completed annually in Salt Lake County.

The average apartment rental rate (in communities with more than 100 units) in Salt Lake County was $794 in the third quarter, down 3.2 percent compared to $820 in the same quarter a year ago. The highest rent on the average two-bedroom unit was found in the northeast submarket at $932 per month, the lowest average two-bedroom rent was found in the northwest submarket at $765 per month.

The CB Richard Ellis Apartment Report tracked 131 apartment communities encompassing 29,679 units.

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Thanks for stopping by The Directory of Salt Lake City (DoSLC).  Salt Lake City is the capital and the most populous city in the state of Utah. The name of the city is often shortened to Salt Lake or SLC.

Salt Lake City makes up a very small portion of the Salt Lake Valley. With Salt Lake County covering 756 square miles, Salt Lake City covers only 90.5 square miles. Salt Lake City is the largest city in the state with a population of 181,743. Salt Lake County’s population is 1.2 million, making it the most populous region in Utah.

Salt Lake is a city of unexpected surprises and brims with history, art, culture, entertainment and recreation – all in a beautiful location at the foot of Utah’s Wasatch Mountains. Salt Lake combines the amenities of a large metro area with the opportunity to take advantage of year round outdoor recreation within minutes in every direction.

The quickest way to find out about the local news and events in Salt Lake City is by checking this blog regularly. You can always count on DoSLC for the best and most current information on what is going on in the Greater Salt Lake Metropolitan Area.

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