Downtown SLC Economic
Benchmark Report

20.2 million visits were made Downtown in 2023. Visits in all customer sectors were up: residents ↗59%, workers ↗23%, visitors ↗2.4% . Visitors (people that do not live or work Downtown) accounted for 63% of all customer days.

Conventions, leisure travel, sports, concerts, performing arts, and shopping are drivers. A Downtown Alliance analysis found that the 2023 top Downtown visitation days were highly correlated with events at the Salt Palace Convention Center, Delta Center, performance venues and other cultural events.

Residential population in the greater Downtown area will exceed 20,000 by 2025. Much of that growth will be in the residential towers and podiums completed in the Downtown core. Public space, dog stations, and transportation solutions are some of the infrastructure needed for a livable Downtown neighborhood.

Rising housing costs notwithstanding, Downtown SLC residential rents are still in the bottom third of the largest cities in the Mountain and Pacific time zones.

To attract top talent, elite employers are choosing SLC Class A office space surrounded by dining, shopping, sports, and performance venues. Of note, six older office buildings in greater Downtown are being converted to multi-family housing.

More than 2.7 million customers and 680,000 workers can access Downtown SLC within 60 minutes. 95 non-stop flights depart daily just 15 minutes from Downtown SLC.