Downtown Rising is an initiative of the Downtown Alliance. The Downtown Alliance is a full-time advocate for downtown business and property owners. This 501c6 develops and implements economic development strategies and influences public policy to enhance downtown’s economic prosperity and regional competitive advantage.
Downtown Rising is an established brand that can lend credibility and community support for your project. Below are several resources that provide information on developing in downtown.
If you would like more information or have any questions
feel free to contact the project manager for Downtown Rising, Jesse Dean.
He can be reached at:
801-328-5045 | firstname.lastname@example.org
Like the rest of the state, downtown Salt Lake City is benefitting from the region’s healthy economy. More people live and work downtown than ever before. But according to local real estate experts and representatives from the Downtown Alliance, despite the boom, the supply downtown isn’t catching up to the demand and more development is needed in the city’s central business district to accommodate the growing demand for housing and office space.
For several years now, the Salt Lake City Council has identified transit and affordable housing as council priority items, but thanks to new revenue sources, the council will have the funds to pursue some of its housing and transit goals. On Tuesday, June 12 the council unanimously approved the fiscal year 2018-2019 budget that, in addition to housing and transit, will also increase services for park maintenance and public safety.
The Wasatch Front’s strong economy is attracting both Millennial migrants and out-of-state developers that are contributing to both the building boom and the housing shortage according to a new report by, Yardi Matrix.
Last week, the real-estate analytics firm released its Salt Lake City’s Viable Growth Multifamily Report Summer 2018 and found that the region continues to add more new jobs than new housing units and that the migration of young professionals to the region is keeping rental vacancy rates low, despite the region’s unprecedented growth in multifamily housing.