Seraph Consulting Package - October 2024

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Section One: Market Performance

Avenue5 - Comp Tour Summaries

September 29 to October 29 - Market Survey

Real Page - Q3 2024 SLC Submarket Performance Report

Q3 2024 - Downtown Salt Lake City/University Submarket Overview

Avenue5-CompTourSummaryNotes

The Worthington

To review The Worthington’s trailing 30-day Leased Units and Available Unit rent details, please click the link below.

Click Here to View: The Worthington -

Trailing 30-Day Unit Rent Detail Report

Astra Tower

We had another disappointing experience during our visit to Astra Tower on Wednesday, November 13th We had scheduled an appointment for 2:30 PM, which was confirmed the previous day However, at 12:30 PM, we called to inquire if we could shift the time to 1:30 PM instead, specifically to view the amenities The concierge mentioned that the leasing agent we were assigned to was in a meeting but had availability from 1:15 PM to 2:15 PM, and he would need to confirm with the agent before calling me back. Unfortunately, we did not receive any follow-up communication, so proceeded to the property at around 1:30 PM.

Upon arrival, we checked in, and the concierge, upon seeing our name, apologized, stating she had forgotten to inform the leasing agent, Mark, about our call. She then went to check if he was available to take me for the tour. After waiting in the lobby for 15 minutes, we noticed the leasing agent from our previous visit was in the building, conversing with the doorman, suggesting that she was free to conduct the tour as well However, we were not offered her assistance

Eventually, the concierge returned and asked for the type of unit we were interested in. We explained that we had already toured units last month with Avenue5 and were now focused on seeing the amenities. She made a phone call to Mark and returned to inform us that the elevators were down and, unfortunately, a tour could not take place that day. She suggested we return on another occasion.

This experience was frustrating and a significant waste of time. We intend to try visiting requesting the GM within the coming weeks, and hope to see the amenity spaces

To review Astra Tower’s trailing 30-day Leased Units and Available Unit rent details, please click the link below.

Click Here to View: Astra Tower -

Trailing 30-Day Unit Rent Detail Report

Customized Market Surveys

To review the comprehensive comp set list - November 2024 Market Survey, please click the link below.

Click Here

To review the lease-up comp set (Astra Tower & The Worthington) November 2024 Market Survey, please click the link below.

Click Here

CoStar - October 2024 - Downtown SLC Submarket Performance Report

To review the October 2024 - CoStar - Downtown SLC Submarket Report, please click the link below

Click Here

YardiMatrix - October 2024 - Downtown SLC Submarket Report

To review the October 2024 - YardiMatrix - Downtown SLC Submarket Report, please click the link below.

Click Here

Q3 2025 - Submarket Performance Rankings

Salt Lake City | Submarket Performance Rankings

Downtown Salt Lake City | Submarket Performance

Section Two: Market Performance Visuals

Average Rent Growth | Average Vacancy

Under Construction - % of Inventory | Existing Inventory (Units)

Median Household Income | Median Age

% of College Graduates | Population Density

Market Cap Rate | Market Sales - Avg Price Per Unit

Average Daily Traffic | Nearby Shopping Locations

Nearby National Retailers

Under Construction - % of Inventory

Existing Inventory Heat Map (Units)

Median Household Income

Median Age

% College Graduates

Population Density

Market Cap Rate

Market Sales Price/Unit

Buying Power Potential

Household Density

Shopping Retailers

National Retailers

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