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Contact Scott Robbins

(801) 209-1120 - Mobile
(801) 567-4034 - Work
(801) 212-4170 - Fax
scott.robbins@utahhomes.com

2007 Still Strong for Salt Lake City’s Multi-Housing / Investment Property Sector!

Salt Lake City has had fantastic growth in the investment property sector. Prices have stayed strong and have been at record highs. I feel that Salt Lake City is one of the best areas to invest for multi-housing properties. Its central location, strong job growth, low unemployment, and low vacancies are ideal for substantial growth

2006 was a great year for growth:
• Tremendous Job Growth: #5 in the nation in job growth
• Low Unemployment: Near 2.5% lowest in years
• Low Vacancies: Vacancy rates decline to 6.5% -6 year low.
• Upward Rental Rates: Up 5.1% this year and increasing
• Strong Cap Rates: 6.0 to 7.0 can still be found
• Ability to sustain values without large market fluctuations