Rental market softening slightly

(Tooele Transcript Bulletin) Tooele’s notoriously tight rental market may be easing slightly, with apartments a bit easier to find and rents edging downward amid a prolonged real estate slowdown.

Though demand for rentals still outweighs supply overall, according to local real estate agents, some segments of the market such as higher-end homes for rent are softening.

“Tooele has always been short on rental units,” said Sandy Critchlow, an agent with Prudential Real Estate in Tooele who manages several rental properties around town. “That is largely due to a lack of apartments. You can go in to Salt Lake and find all kinds of apartments in that affordable range, but not here in Tooele.”

Homes renting in the range of $1,100 to $1,300 are available and they rent quickly, according to Critchlow.

“There are people that are only here temporarily that are looking for a nice rental and they pick up those upper end rentals quickly,” Critchlow said.

Original Article