City Weekly · A And E
The Salt Lake metro area is shifting to a renter's market after an apartment construction boom.
It's become more of a renter's market than a landlord's market, where rents seem to just escalate often.
According to ApartmentList.com , the apartment vacancy rate rose to 7.1% in July. The outlet noted that the market "has passed the peak of this latest construction boom ... it is still overbuilt relative to demand." It's become more of a renter's market than a landlord's market, where rents seem to just escalate often.
The report also found that last year, more than 600,000 new apartments came on board in this country, representing a 65% increase compared with 2022, with the newest supply in a single year since 1986.
This is a 600 character excerpt. Read the full story at City Weekly, where it was published on August 6, 2025.
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