Lone Peak Corporate Center (464,388 sf) was sold to Maier. Siebel Baber. StorageCraft moved into their newly constructed
SALT LAKE CITY OFFICE MARKET STATISTICS
2Q2015
INVENTORY
33,286,302 SQUARE FEET
UNDER
CONSTRUCTION
1,417,590
2015 YTD TOTAL
VACANCY
NET ABSORPTION
480,613
DIRECT
VACANCY
SQUARE FEET
2015 YTD COMPLETIONS
402,444
SQUARE FEET
10.5% 12.0%
OVERALL VACANCY
SQUARE FEET
TRENDS TOP PERFORMING
180,094 SF 5.9% 400,000 SF SUB-MARKETS NET ABSORPTION
CENTRAL BUSINESS DISTRICT
RENTAL RATE INCREASE
SOUTHEAST
UNDER CONSTRUCTION
SIGNIFICANT DEALS CHG executed a lease for 281,663 sf at View 72 Lone Peak Corporate Center (464,388 sf) was sold to Maier Siebel Baber StorageCraft moved into their newly constructed, 125,000 sf building at Vista Station 1. Thumbtack executed a lease on 50,000 sf at Vista Station 4 By year-end, 400,000 sf at Vista Station 1-3, will be completed and is fully leased Prosper Marketplace executed a lease for 61,594 sf at Thanksgiving Station 4