Family Office Briefing on research byNewmark·Oct 17, 2025
Greater Salt Lake Office Market 3Q25
Salt Lake City office market shows resilience amid economic uncertainty — family offices should consider co-GP opportunities with strong operators.
Key Metrics
| Metric | Value |
|---|---|
| Direct Vacancy Rate | 16.0% |
| Sublet Vacancy Rate | 2.4% |
| Quarterly Net Absorption | 104,660SF |
| Average Asking Rent/SF | 26.82$ |
| Under Construction | 120,000SF |
Metrics extracted from the source report and independently fact-checked. Method →
Full report
Newmark
Building a thesis around Office? Share it confidentially with the Thesis Exchange — we pair you anonymously with family offices running adjacent office strategies.
Peer Network · By Invitation
The Thesis Exchange
Share an investment thesis in confidence. We pair you anonymously with up to two other family offices running adjacent strategies. Reviewed by Gallium's editorial team. No vendor pitch.