Salt Lake City industrial space, at the crossroads of I-15 and I-80.
Salt Lake City is the Mountain West's distribution hub and one of the few markets where two-day ground reaches a third of the country from a low-cost base. Vacancy is moderate, construction has slowed, and the airport-area Northwest Quadrant is where most of the modern product sits.
Where the leverage sits right now.
Two firms, two very different vacancy numbers: 7.2 percent for the metro on CBRE's count and 4.79 percent direct for Salt Lake County on Colliers'. The gap is geography and definition, not a disagreement about the market. The outlying counties and sublease space carry the vacancy; the county core is tight. Know which one your target buildings are in before you negotiate.
Absorption of 2.8 million square feet in six months is strong for a market this size. Landlords know it. The leverage is in the newer speculative product that delivered into the slower half of the cycle, and in buildings north toward Ogden where competition for tenants is sharper.
The reach profile is unusual. One-day ground covers under five percent of the US population, because the nearest big metros are all more than a day away. Two-day ground covers nearly a third. Salt Lake works as a regional hub for the Mountain West or as a second node paired with a coastal market, not as a national single-site solution.
What the major brokerages report.
Each firm tracks a slightly different building set, and in some markets a different metric, so the figures differ. We show all of them rather than average them, because an average of three different definitions describes nothing. Where the spread matters to a negotiation, we say so above.
| Firm | Quarter | Vacancy | Asking rent | Net absorption | Under construction |
|---|---|---|---|---|---|
| CBRE cbre.com | Q2 2026 | 7.2% | n/a | +2.8M sq. ft. (six months) | n/a |
| Colliers Salt Lake County only colliers.com | Q2 2026 | 4.79% direct | $0.87 NNN | n/a | n/a |
Reach, infrastructure, and labor.
Share of the US population within 450 road-equivalent miles (one-day ground) and 1,000 miles (two-day ground) of the market center, computed against population-weighted centroids of all 3,125 US counties (2020 Census). Bands approximate FedEx and UPS Ground zone tables within roughly 10 percent and are for comparing markets, not quoting transit times.
Sources: ofis.trade.gov
Where the buildings are.
West of the airport, home to the Utah Inland Port and most of the large-format construction of the past decade.
West Valley City, West Jordan and the older industrial core along I-215. The densest labor and the tightest vacancy.
North along I-15 through Layton and Ogden. More available product and more motivated landlords than the county core.
South to Lehi, American Fork and Spanish Fork. Fast-growing population base, with newer product serving regional and e-commerce distribution.
The operations that choose Salt Lake City.
We represent tenants and buyers only. No landlord listings in Salt Lake City, so every building in the market is a candidate and every negotiation is on your side of the table. See the operations we serve.
Evaluating Salt Lake City?
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