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Industry Related

What Is a Flex Property?

Posted on August 7, 2022

If you’ve been around the commercial real estate world for any period of time, you’ve likely heard the term “flex property” or “flex space.” But what does that mean? For some business owners, purchasing or leasing commercial office space can be challenging, especially if their business is in an industry where it makes sense to […]

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What Is a Commercial Real Estate Brokerage?

Posted on June 18, 2022

 Looking to purchase, sell or lease a commercial property? Unless you’re extremely experienced, it can be a challenge to know the steps it takes to finalize a transaction. Whether you own a business that deals with commercial real estate or are an individual looking for investment properties, understanding what services a brokerage offers can […]

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The Future of Commercial Real Estate

Posted on February 14, 2022

Over nearly the past two years, the world has changed. As the COVID-19 pandemic sent millions of workers home, owners of commercial real estate have had to deal with the fallout. And many wonder what the future holds. Will working from home become the norm or will employers welcome their employees back into shared office […]

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How Do Commercial Real Estate Loans Work?

Posted on October 8, 2021

Whether you’re ready to expand your current business operations, move locations or simply renovate the building you already occupy, finding the correct financing is essential. As a small business owner, you know how important it is to be financially smart, especially when it comes to debt. That’s why commercial real estate loans are the best […]

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Utah’s Economic Resilience

Posted on September 29, 2021

Friends and Clients: As we continue to push forward and put the last year behind us, I think it’s important to take the time to recognize, and be grateful for, the great state in which we live… or do business… or own real estate 😊!  Below is a report that outlines how well Utah has […]

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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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How to Find Office Space to Lease

Posted on July 5, 2021

If you’re ready to lease office space for your business, you may be feeling overwhelmed. After all, commercial real estate (CRE) is quite a bit different than residential, so you’re probably not as familiar with finding and leasing commercial workspace. And unlike residential real estate, there is not an MLS for all of the commercial […]

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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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