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Utah's Economy: City Creek and Downtown Salt Lake City Retail

Ut economyThe City Creek Center will bring retail back to Main Street and should add at least $200 million in retail sales to Salt Lake City's Central Business District (CBD). Main Street retail is essential for a vibrant downtown and the completion of City Creek's 700,000 square feet will have positive spillover effects for downtown's entertainment, lodging, office and housing sectors.

For many years there was too much retail space on Main Street. Crossroads Mall (1980 - 2007) and ZCMI Center (1976 - 2007) had a combined million square feet of retail space, including over 300,000 squre feet of department store space in ZCMI; clearly too much retail space particularly once Gateway was completed in 2001.

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Timely, relevant updates and reports on the economy and commercial real estate world, with focus on the Utah, Nevada, Washington and Idaho markets.

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