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Hard to believe 2017 has come… and gone. With another year of commercial real estate behind us many are asking what the future holds for lease rates, construction costs, cap rates, and a myriad of other factors.
I think we need only look at the analytics of last year to see what lies in wait for 2018. I’m optimistic as the market doesn’t seem to suggest a slow down of sorts in the immediate future. For instance, limited construction, strong absorption, and rising rates suggest that purchasing will become more appealing to many as the opportunity (or option) to wait for appropriate lease space may not be available.
To review the year-end reports for all market types and categories, click here. This will take you to our Newmark Grubb ACRES site where you read, download, and review reports for all products.
Chris Falk is a Certified Commercial Investment Member (CCIM)—one of the most comprehensive commercial real estate designations, held by an estimated 6% of commercial brokers nationally. As a commercial real estate broker, Chris has handled over 600 transactions exceeding $475MM. Born and raised in Utah, Chris understands the unique qualities of the region and the great capacity for business opportunities in Northern Utah, including Davis, Weber and Salt Lake Counties. Chris is the premier, go-to agent for businesses and developers interested in this dynamic area.
