Industry Related

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 […]

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 […]

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 […]

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 […]

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 commercial real estate rent is calculated is important to protect your […]

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 […]

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 […]

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 […]

Posted on April 10, 2020

At Newmark, we are dedicated to improving unique insight and analysis for you, particularly during challenging times.  To that end, we have developed the COVID-19 Perspectives website , a compilation of resources designed to assist in your understanding of the impact of the coronavirus on real estate- both locally and globally. I hope you find […]

Posted on March 24, 2020

Friends and Clients- What a wild time we’re currently experiencing.  The human toll of COVID-19 and the spread of the coronavirus is the world’s greatest concern today.  As we at Newmark Knight Frank isolate ourselves physically and care for our families, we remain committed to providing not only with the latest market information but also […]