Monday, January 5
Downtown Economic Profile
Downtown Salt Lake City is the crossroads and capitol of the Intermountain West, and offers opportunities few cities can match. This Economic Profile outlines trends in the downtown economy, including the office, retail, hospitality, residential and cultural sectors of the Central Business District.
Download Econominc Profile
Download the 2007 Downtown Benchmark Study
Economic Profile of the CBD - 2007-08
CategoryAmount
Employment64,950
Wages Paid$2.36 billion
Office Square Footage12.7million sq. ft.
Office Vacancy Rate6.9%
Retail Sales-2006$555.1 million
Retail Square Footage2.1 million sq. ft.
Hotel Rooms (CBD)3,000
Hotel Occupancy75.%
Convention Attendee Downtown Room Nights (2006)302,500
Retail Spending by Convention Attendees108.5 million
Source: Economic Benchmarks For Salt Lake City’s Central Business District (University of Utah Bureau of Economic and Business Research, April 2008)