The Daily Buzz
The Daily Buzz
The Salt Lake Tribune
Downtown SLC office vacancies are soaring, but here’s why the vibe is still alive
2 minutes Posted Jun 6, 2023 at 12:00 pm.
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Downtown Salt Lake City may be forever changed by the coronavirus pandemic, with its future now less about workdays and more about nightlife.
Three-plus years after the U.S. onset of COVID-19, about a third fewer workers are commuting each weekday to a workplace in the central business district, compared to late 2019. As the pattern persists, effects of remote work and all those empty cubicles are now combining with higher interest rates, pockets of layoffs and rising economic uncertainty to produce a major slowdown in the city’s office sector.
At the same time, evidence suggests downtown as a whole is unbowed in its dramatic recovery since fall 2021 in visitation numbers even as some office workers stay home, with overall trips to the urban core now 139% ahead of pre-virus levels.
Read more:
https://www.sltrib.com/news/2023/06/05/downtown-slc-office-vacancies-are/