Utah's Inland Port is set to play a larger role in distribution as the Port of Oakland optimizes rail agreements to increase transportation speeds to Utah. Utah's market is beginning to see an increased number of new large distribution tenants as the Inland Port plan attracts businesses and looks to expand shipping capabilities. Even with the record setting amounts of construction for industrial in Salt Lake County, the growth of distribution demand has outpaced construction allowing for vacancy rates to drop to 3.3%. With no shortage of demand for shipped goods in sight, and the continuing expansions from ports to Utah's distribution chain, Utah is in need of developments that can fit large tenants in our rapidly growing market.
