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Salt Lake Metro Q2 2026 Office Market Report

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MARKET TRENDS

  • Availability declined 290 basis points year over year to 19.2%. While still elevated, conditions are improving as leasing activity increases.
  • Leasing activity increased year over year at 1.0 million square feet (msf) in Q2 2026. The Central Business District (CBD) led leasing volume, accounting for 23.1% of total leasing activity.
  • Asking rents increased year over year to $27.15 per square foot (psf). Class A rents rose to $29.61 psf, reflecting demand for quality space.

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