Q2 2012 Salt Lake City, Utah Apartment Property Sales Analysis

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Q2 2012 Salt Lake City, Utah Apartment Property Sales Analysis


No apartment investment sales transactions that meet Reis’ criteria have closed since 2009. “Through 2012,” reports Marcus & Millichap, “the combination of tight conditions, accelerating rent growth and a dearth of available replacement product will prevent many Salt Lake City apartment owners from listing. As a result, those who choose to sell stand to be rewarded with highly attractive prices. Although the metro’s economic outlook remains bright for 2013 and beyond, pricing premiums may ease in the future as construction accelerates, listing activity rises, and interest rates most likely edge up.”