West Valley
Salt Lake City - UT USA - Industrial Submarket
Industrial real estate intelligence for the West Valley submarket. 29.5M SF of inventory with 9.3% vacancy. Data sourced from various MLS platforms.
29.5MSF
Inventory
3.4MSF
Available
9.3%
Vacancy
11.3%
Availability Rate
$10.50
Asking Rent
-0.1%
Rent Growth
-918,682SF
12mo Absorption
322KSF
Under Construction
Market Metrics
12mo Delivered
19K SF
Under Constr % of Inv
1.1%%
Sale Price/SF
$154
Cap Rate
7.6%%
12mo Sales Volume
$235,142,501
Sales Vol Growth
353.7%
Asset Value
$4,604,527,849
Net Absorption
-918,682 SF
Recent DC Sales in Market
| Property | Price | SF | Buyer |
|---|---|---|---|
| Lincoln Rackhouse Aurora Data Center | $17.3M | 70,000 | US Signal |
| 201 Centennial Ave | $11.0M | 64,698 | Chirisa Technology Parks |
| 8425 N 114th St | $2.6M | 232,663 | |
| Fort Worth Data Center/DFW1 | - | 133,298 | CSquare |
| Houston One | - | 118,248 | Safanad |
Available DC Space in Market
| Property | Avail SF | Rent | Owner |
|---|---|---|---|
| Building D | 20,678 | $10.86 - 13.27 (Est.) | Entrada Partners |
| The Falchi Building | 272,217 | $23.00 | Savanna Real Estate Fund |
| 1800 NW 69th Ave | 37,500 | $15.50 | AccuPlace |
| McHenry Corporate Center IV | 42,811 | $6.00 - 12.50 | Gold Drop |
| Omnis Data Center | 15,070 | $21.00 | Omnis Network, LLC |
Data Centre Development Potential
High vacancy (9.3%) in West Valley may indicate availability of conversion-ready industrial buildings for data centre development. Active construction pipeline of 322K SF indicates developer confidence in the submarket. Negative absorption of 919K SF over 12 months warrants caution, though this may create discounted acquisition opportunities.
Other Submarkets in Salt Lake City - UT USA
Evaluating West Valley for Development?
Our advisory team provides site-specific analysis including power availability, zoning, and financial modeling.
Data sourced from various MLS platforms. Industrial market data for informational purposes. Professional due diligence recommended.