Vacancy Rates
Office vacancy rates are also low in the downtown region. Recent estimates place empty Class A office space at about 3.5 percent. In response, two new skyscrapers of are being constructed. The first, at 8 stories, is located in the Gateway District and is being built for Fidelity Investments. The second will be 23 stories high and is currently under construction on Main Street. Construction of the Gateway District, light rail, and planned commuter rail service have supported the revival of downtown.
The Census estimates that the city's daytime population increases to 313,000 - the second largest increase for cities with at least 100,000 residents. This reflects the fact that a relatively small proportion of metropolitan area residents (18%) live within the city limits.
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Read more about this topic: Economy Of Salt Lake City
Famous quotes containing the words vacancy and/or rates:
“It is cruelty to children to keep five-year-olds sitting still, gazing into vacancy even for one hour at a time. We have little idea of the torture we thus inflict.”
—Ellen Henrietta Swallow Richards (1842–1911)
“[The] elderly and timid single gentleman in Paris ... never drove down the Champs Elysees without expecting an accident, and commonly witnessing one; or found himself in the neighborhood of an official without calculating the chances of a bomb. So long as the rates of progress held good, these bombs would double in force and number every ten years.”
—Henry Brooks Adams (1838–1918)