Industry Related

2Q21 Newmark Salt Lake Office Report

Posted on July 19, 2021

Friends- Pretty wild that we’re halfway through the summer- on the downhill slope of getting back to school even.  Our market here in Utah continues to improve and many other markets are following Utah’s example of “getting back to the office” sooner-than-later.  Below is a link that references JP Morgan’s directive to do so, with […]

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Quit-Rate Increase… Positive or Negative?

Posted on June 18, 2021

Friends and Clients- While there are still 7.9M more unemployed people today in the US than before the pandemic (Feb 2020), office-using employment accounts for only 974,000, or roughly 12% of this deficit.  Most of the employment growth ahead will be from the hard-hit, but rapidly rebounding, service sectors.  We are expecting robust expansion across […]

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What is a Letter of Intent in Commercial Real Estate?

Posted on March 25, 2021

The commercial real estate (CRE) world is full of intimidating and confusing terms and their similarly perplexing acronyms. From NOI and EBIT to USF and RSF, the industry jargon is enough to make your head spin. But there’s one term and acronym that’s truly important to understand: letter of intent (LOI). What is a Letter […]

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2020 Year-End Utah Market Report

Posted on February 16, 2021

Friends and Clients – 2021 is officially upon us! Coastal markets’ claims that the real estate world is falling could be true for them, but not for us in Utah. I believe we’re set up to have a very bullish future. Yes, the office market is changing, but rates have held. More than half of […]

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What is a Vanilla Shell?

Posted on December 23, 2020

In the market to buy or lease a commercial real estate (CRE) property? You’ll want to acquaint yourself with one important, common term: ‘vanilla shell.’  What is a Vanilla Shell? It may sound like a delicious confectionary, but vanilla shell refers to how a CRE property is delivered to the tenant. These properties, sometimes also […]

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How is Commercial Rent Calculated?

Posted on October 27, 2020

Has your small business outgrown the basement? Are you ready to expand into a commercial real estate (CRE) property? Whether you’re a new hopeful or a seasoned entrepreneur, securing a new location for your company is an exciting experience. But understanding the common ways CRE rent is calculated is important to protect your future profitability […]

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What Makes a Good Commercial Real Estate Broker?

Posted on August 28, 2020

It goes without saying, but successful commercial real estate (CRE) brokers possess a particular set of skills, knowledge, experience and expertise. It’s a body of knowledge that differs significantly from that of qualified residential real estate agents. Navigating the CRE market is not for the inexperienced. So, if you’re looking at buying, selling or leasing […]

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Understanding Types of Commercial Leases

Posted on July 30, 2020

So, you’re ready to take the next step and move your business out of the basement and into a professional office—but what happens next? Acquiring professional space for business purposes is oftentimes a point of confusion when it comes to understanding the required lease agreements. It’s time to dispel the notion that commercial lease agreements […]

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How Much Office Space Do You Really Need?

Posted on May 27, 2020

When it comes to leasing office space for your business, making all the right decisions can be tough. One of the most common questions comes down to the size and space you need to adequately plan for current employees and future growth. The first step is to make an initial assessment of your current space, situation and […]

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The Sublease Conundrum

Posted on May 4, 2020

As office tenants assess the financial implications of COVID-19 on their businesses, many will be making decisions about whether to return space to the market, and if so, how much. Considering the economic challenges, including job losses, wrought by the coronavirus, it may seem likely that the amount of sublease space on the market will […]

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