Market Minute

December 2025

A recent Multifamily Market Report by Yardi Matrix highlighted that:

📈 As seen on the graph above, rent growth in SLC closely tracked national trends with 2025 providing some relief from the rent compression seen in 2024.

💪 Salt Lake City continues to be one of the strongest job markets in the U.S., with 1.8% year-over-year employment growth, more than double the national rate.

🧑‍⚕️ Education & health services and government jobs accounted for roughly three-quarters of net job gains.

⬇️ Unemployment stood at 3.6%, well below the national average, supporting long-term rental demand.

For a copy of the full comprehensive Multifamily Market Report please reply to this email.

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‘Nxt Level’

Year in Review

Behind every number is a story of service, teamwork, and trust. This year at Nxt Property Management, our growth was driven by people — residents choosing our communities, teams showing up every day with purpose, and partners relying on us to deliver results. The numbers below highlight just a few of the moments that defined our year and reflect the impact of doing property management the right way.

This year we renewed our commitment to live our Personal Touch Culture which allowed us to make a loving and meaningful connection with each other, our customers, and our partners. Doing so strengthened our unwavering dedication to creating welcoming communities, delivering exceptional service, and treating every resident with care and respect. To our partners and residents, thank you for allowing us to be part of your journey this year!

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Income Generated

Strong performance starts with strong operations. Through disciplined revenue strategy, proactive cost management, and hands-on asset oversight, Nxt-managed communities generated $126,000,000+ in income this year. This result reflects both scale and stewardship — and the trust our ownership partners place in us to maximize long-term value. We specialize in best in class performance while maintaining a hands-on approach to asset preservation and owner alignment.

New Prospects

Behind every successful lease is meaningful engagement. In 2025, our teams connected with 31,000+ prospects, leveraging market data, technology, and personalized outreach to guide renters through their decision-making journey. This level of activity reflects both strong demand and Nxt’s commitment to meeting prospects where they are with clarity, speed, and transparency.

New Move Ins

This year, we proudly welcomed 3,800+ new move ins into Nxt-managed communities. We have had the pleasure of helping many of these residents move into brand new properties. Each move-in represents more than a signed lease — it’s a family choosing to call one of our communities home. From first tour to move-in day, our teams focused on creating a seamless, welcoming experience that set the tone for long-term residency and satisfaction.

Additionally, our teams worked hard to renew over 2,100 leases. This highlights our team’s commitment to serving others and creating environments where residents love where they live.

Work Orders

Maintenance is where promises become reality. This year, Nxt completed 21,500+ work orders, ensuring our communities remained safe, functional, and well cared for. From preventative maintenance to urgent repairs, our teams delivered consistent service that protected assets, supported resident satisfaction, and reinforced our culture of proactive care.

Value of the Month

December’s Value of the Month is: Perform Together. We celebrate fearless action and learn as we try new things. We empower people to improve, innovate, create, and adapt.

Ask the Editor

As 2025 comes to a close, we want to extend our sincere thanks to everyone who took the time to read, engage with, and support the Nxt Newsletter this year. This year was defined by growth, hard work, and shared success — and none of it would be possible without the people who make our communities and partnerships thrive.

As we look ahead to the coming year, we remain committed to serving you with the same care, transparency, and dedication you’ve come to expect from Nxt. Our focus is clear and our momentum is strong. We enter the new year energized by growth, guided by data, and committed to raising the standard for multifamily operations. With continued investment in our people, technology, and processes, we’re excited to deepen partnerships, protect and enhance asset value, and create even better experiences across our communities.

From all of us at Nxt Property Management, we wish you and your loved ones a joyful holiday season and a healthy, prosperous New Year. Thank you for being part of our journey — we look forward to what’s next, together.

As always, feel free to send any questions about the apartment world to sales@nxtmgt.com and we would love to feature and answer the question in next month’s newsletter.

Until next time,