Salt Lake City Industrial Market Report
By CREhunt Research · Data through Q1 2026 · Aggregated from Cushman & Wakefield, , Newmark,
Quarterly industrial market indicators for Salt Lake City, aggregated by CREhunt from Cushman & Wakefield, , Newmark, . As of Q1 2026, average asking rent was $5.64/SF with a 2.5% vacancy rate.
Projected current industrial pricing — Salt Lake City
Projected asking rent
$5.64/SF/yr
Estimated sale value
$75–$92/SF
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 multiple brokerages data (cap rate 5.3%, asking rent held flat). Assumes ~98% occupancy and a 72–88% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 | $5.64/SF | 2.5% | 1.0M SF | — | Cushman & Wakefield |
| Q1 2026 | $5.64/SF | 2.5% | — | — | |
| Q4 2025 | — | — | 0K SF | — | Cushman & Wakefield |
| Q4 2025 | — | — | — | — | Newmark |
| Q3 2025 | — | 5.9% | — | — | Newmark |
| Q3 2025 | — | — | 0K SF | — | Cushman & Wakefield |
| Q2 2025 | — | — | 0K SF | — | Cushman & Wakefield |
| Q4 2023 | $10.13/SF | 10.5% | 0K SF | — | Cushman & Wakefield |
| Q3 2017 | $10.00/SF | 2.0% | 0K SF | — |
Frequently asked questions
- What is the average asking rent for industrial space in Salt Lake City?
- As of Q1 2026, the average asking rent for industrial space in Salt Lake City was $5.64/SF, per Cushman & Wakefield.
- What is the industrial vacancy rate in Salt Lake City?
- The industrial vacancy rate in Salt Lake City was 2.5% as of Q1 2026 (Cushman & Wakefield).
- Where does CREhunt's Salt Lake City market data come from?
- This report aggregates quarterly industrial market data for Salt Lake City from Cushman & Wakefield, Newmark.
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