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Office, Retail & Apartment Vacancy Rankings

Retail Vacancy Ranking        
Rank Submarket  Vacancy Rate Y-O-Y Basis Point Change Effective Rent (psf) Y-O-Y % Change
1 Salt Lake City 4.20% -70 $19.05 -2.10%
2 South Central 4.50% 80 $14.19 -2.10%
3 Southwest  9.70% 490 $13.86 -1.20%
4 Upper Counties 13.00% 10 $10.42 -3.20%
5 Midvale/Sandy/Southeast  15.60% 110 $14.24 -2.60%
           
           
Apartment Vacancy Ranking        
Rank Submarket  Vacancy Rate Y-O-Y Basis Point Change Effective Rent Y-O-Y % Change
1 Northwest Salt Lake/Airport  4.20% 0 $610.00 -2.40%
2 West Valley City 4.70% -130 $670.00 -2.30%
3 Murray 4.80% 40 $737.00 -1.10%
4 Central Salt Lake City 5.10% 60 $742.00 2.90%
5 Midvale/Sandy 5.20% 30 $748.00 -2.70%
6 Southwest Salt Lake City 5.80% 30 $644.00 -6.10%
7 Davis County 5.80% -50 $676.00 4.20%
8 West Jordan 6.60% 110 $762.00 -4.40%
9 South Salt Lake/Cottonwood 6.80% 140 $665.00 -2.90%
10 Weber County 7.60% 140 $634.00 1.00%
           
  1Q 2008 to 1Q 2009        
  Top 10 Markets by Change in Vacancy      
  Metro 1Q 2009 Y-O-Y Chg. (bps)    
  Philadelphia 12.30% 10    
  Kansas City 15.70% 60    
  Cleveland 18.80% 70    
  Columbus 18.60% 80    
  Louisville 14.10% 110    
  Cincinnati 19.30% 110    
  Chicago 16.50% 120    
  Houston 13.00% 130    
  Portland 12.70% 140    
  Salt Lake City 13.90% 140    
  U.S. Metro Average 15.30% 250