Industry Related

Commercial Real Estate Remains a Strong Investment Option for Utahn’s as Growth Continues in 2016

Posted on May 24, 2016

After record success in 2015, the commercial real estate market in Utah has continued to enjoy success during the first quarter of 2016. The state’s real estate’s retail sector is doing well as asking rates on shopping spaces ­— fueled by demand from home-grown and national chains of retailers, grocers and restaurants seeking to expand […]

more

Profit and Jobs: The Chicken and the Egg

Posted on May 19, 2016

It’s a truism in the real estate world that job growth leads demand for space, as measured by leasing activity and absorption. This raises the question of what indicator leads job growth, and the answer is corporate profits. If a company isn’t profitable, it’s less likely to add staff except under special circumstances, for example, […]

more

Newmark Grubb ACRES 2016 Q1 Market Reports

Posted on April 29, 2016

The latest Newmark Grubb ACRES market update is now available.  These reports give a great overview of all commercial real estate sectors in Utah (office, retail, industrial, investment, etc.).  To view the reports, please  click here.  Certainly feel free to reach out as well should you have any questions regarding the report in general.  

more

Climbing a Wall of Worry…

Posted on April 21, 2016

The US office market climbed a wall of worry in the first quarter of 2016, racking up solid—though not spectacular—gains despite sagging corporate profits and the shaky global economy. Tenants absorbed 6.5 million square feet, about one-third of the 18.0 million-square-foot average in each of the prior two quarters. The market was slow to take […]

more

2015 Proved to be Banner Year for Commercial Real Estate

Posted on April 5, 2016

According to the NAIP, a Commercial Real Estate Development Association, 2015 represented another impressive year for commercial real estate in Utah with investments reaching more than $1.8 billion for the year. The hot commercial real estate climate is nothing new to local agents who have seen the industry climb year to year for the past […]

more

2015 Yearend Report

Posted on January 22, 2016

We just released our 2015 Market Report on corporate real estate.  This provides a great overview of the state, each submarket, and product type (office, retail, industrial, investment, etc.) as well.  This should give tenants, owners, and developers alike a great glimpse into the commercial markets of Utah and the strength thereof.  Should any questions […]

more

4Q15 Capital Market Report

Posted on January 19, 2016

With the hike -though subtle-  in interest rates, many owners of commercial and corporate real estate and investors alike are curious to what the future holds. Locally, the local Northern Utah Markets (Salt Lake City, Bountiful, Centerville, Kaysville, Layton, Ogden, etc.) continue to strengthen as housing pushes forward and demand increases.  Statistics for Utah, and nationally, […]

more

2016 Entrepreneur of the Year is… a Northern Utah Tech guy…

Posted on January 14, 2016

Pretty big deal when a CEO (Aaron Skonnard) of a tech company (Pluralsight) based in Davis County gets these kinds of accolades.  Props to Aaron and everyone @ Pluralsight.  What a great company.  Their desire to create office space that is second-to-none has provided them with a powerful marketing and talent retention tool. They seemingly […]

more

A Lot to Be Thankful For

Posted on November 23, 2015

Here’s a perspective look on where we’re at, where we’re going, and why we can be thankful this time of year… The price of a Thanksgiving dinner for 10 increased by a meager 1.4% this holiday season compared with last year, according to the American Farm Bureau Federation. Farmers have done better with their real […]

more

Q3 Market Report for Utah CRE

Posted on November 5, 2015

Office space in Utah continues to show strong growth.  We recently published our NGA Q3 Market Report.  It’s hard to fathom, but vacancy in Salt Lake City has dipped below 5% in the Class A office markets- and below 10% in the Class B world.  A simple translation would suggest that tenants looking for certain […]

more