Apartment vacancy rates in Salt Lake area at all-time low

SALT LAKE CITY — For the eighth straight year, vacancy rates for rental apartments in the Salt Lake metro area have declined — down to the lowest rates ever.New research from Cushman & Wakefield indicates that the apartment market is currently at historic levels with mid-year figures showing the vacancy rate of just 2.6 percent — the lowest ever reported, according to Kip Paul, executive director of investment sales at Cushman & Wakefield's Salt Lake office.Current data