MARKET TRENDS
- Availability rose year over year to 20.5%, however this was the lowest level recorded in 2025. Availability is expected to decline gradually in early 2026 as conditions improve
- Asking rents fell year over year to $27.14 per square foot (psf). The Central Business District led at $32.23 psf, reflecting continued demand for the metro’s most desirable locations
- Southeast and Utah County North led 2025 leasing, accounting for nearly half of all activity. Q4 saw a mix of deal types, led by Bridge Investment Group’s 60,416-square-foot renewal