UTAH’S INDUSTRIAL MARKET PREPARES TO SUPPORT ROCKY MOUNTAIN POPULATION GROWTH

February 1, 2021
by Skyler Smith

While Utah has a fairly balanced inbound and outbound migration rate that is slightly skewed to inbound by 6%; the growth of nearby states is very important to note for projections of Utah’s industrial market. As a result of a 28% outbound difference in California’s migration and other large changes from the northeast, many Rocky Mountain and Southern states are receiving an influx of people moving in, with the largest growth in inbound Idaho at a 40% difference. Utah is a central position to support Idaho and Arizona which also boasts an impressive inbound difference of 28% comparative to outbound. The incoming inland port and other large developments such as Copper Crossing @I-80 will be vital to supporting growth of construction and supply chains in the interior states near the Rocky mountains