Industry Related

Posted on June 16, 2015

This is great news about Utah business real estate as reported by Utah Business Magazine…  With the announcement of Vista Outdoor and their New World HQ, the list of large, strong (local and national) companies either relocating or putting down serious roots continues to expand for South Davis County and Northern Utah as a whole.

Posted on June 12, 2015

Real Estate Experts Weigh In Wages are finally starting to accelerate after more than five years of lackluster growth. With consumer spending accounting for more than two-thirds of total GDP, this is welcome news for the economy. As incomes rise, the increased demand for goods and services will filter through to housing, business capital spending […]

Posted on May 21, 2015

Population growth is a key driver of demand for commercial and business real estate. Although job growth is routinely cited as the most important economic driver of demand, there would be no job growth without population growth. It’s a chicken-and-egg relationship: Population growth provides the raw material for building a skilled and educated workforce, which […]

Posted on April 26, 2015

Office Real Estate Market At-A-Glance The office real estate market, particularly in Salt Lake County continues to trend upwards as vacancy decreases and absorption remains.  Groups looking to find large blocks of space in the CBD area are finding limited opportunities as new construction is not yet online and available space remains tight.

Posted on April 10, 2015

The Gradual Incline This is NGKF’s most recent construction update regarding office space.  I think it provides great insight as to what we’re not only seeing here in Utah, but across the nation.  Enjoy! Construction activity is ramping up across all product types; however, with the exception of apartments, the rate of increase has been […]

Posted on April 10, 2015

Newmark Grubb ACRES is pleased to announce the lease of 21,538 square feet of office space located in the Gateway Tech Center at 155 North 400 West, Salt Lake City, Utah. Chris Falk of Newmark Grubb ACRES represented the lessee, Spring Mobile, in this transaction. The lessor, KBSIII, was represented by CBRE’s Nadia Letey. Spring […]