Downtown is Rising
Utah’s capital city is home to some significant developments in commercial real estate today. The recently completed City Creek Center, with a price tag estimated at $1.5 billion, is the largest privately funded development project in the U.S. The impact of this mixed-use development is already being felt downtown, as new businesses have opened their doors and several other development projects are either in process or on the horizon.
Economic Benchmark Studies
The Central Business District of Salt Lake City experienced over $1.4 billion in capital investment and 24% growth in its employment base during the 1990s. The Economic Benchmark Study quantitatively details this period of prosperity within every major sector of the downtown economy. Summaries of progress in the office, retail, hospitality and government sectors are provided which will serve as baselines for future comparisons.
Labor and Workforce
Click here for current demographics on labor and workforce information: http://jobs.utah.gov/opencms/wi
Downtown Salt Lake City has always had a strong relationship with higher learning institutions along the Wasatch Front.
The University of Utah and Westminster College are located just a few miles east of downtown Salt Lake City and supply a well-educated workforce for downtown businesses. In addition, Brigham Young University is located sixty miles south of downtown Salt Lake City, and a satellite BYU Salt Lake Center is located in Downtown Salt Lake City.