Chris Falk

Commercial Real Estate Broker

The key to gaining a competitive edge for any commercial real estate portfolio, large or small, is to team up with a successful local real estate professional. Chris’ local market knowledge, combined with his national and international NGKF certification, has helped him develop valued relationships with property owners and an intimate knowledge of market major tenants, government agencies, and technical advisors. Chris assists his clients in maximizing the value of their real estate holdings through consultation, dispositions, and acquisition.

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

Office Space: How Open is Too Open???

Posted on October 30, 2015

I hear this all the time… “What should my concerns about ‘open’ office space?”  Or, “…is this design too ‘open’ and should I be worried about privacy?  Where is the happy medium and what have you seen done Chris?” Great questions… and this seems to be the question that is on the precipice of many […]

more

Office Demand Around to Stay?

Posted on October 26, 2015

A recent article published by National Real Estate Investor magazine suggests that the “tight” office conditions in many markets should be around to stay.  Office space in Ogden and surrounding Davis and Weber Counties, and Northern Utah in general, with the lack of new product should propel us to what would generally be considered a “Landlord’s” market […]

more

Forbes Ranks Utah #1 For Business

Posted on October 23, 2015

Forbes Magazine has put Utah among the elite- or rather ATOP THE ELITE.  The magazine has ranked Utah #1 in Best States for Business which is a HUGE nod as Utah continue to impress.  All submarkets of Utah’s commercial real estate certainly play an active role in this, as does the overall real estate market in […]

more

Office Obsolescence- Challenges and Opportunities

Posted on October 14, 2015

This is a great white paper written regarding the increasing challenge of commercial real estate improvements- specifically the increasing obsolescence of different types of office space. Of note, the report explores: The challenges and opportunities associated with the increasing obsolescence of suburban office assets NGKF’s approach for quantifying obsolescence The differences between curable and incurable obsolescence […]

more

DataMaster Acquires New HQ- Remains In Davis County

Posted on October 9, 2015

DataMaster Purchases Davis County’s Fairfield Crossing Building for New Office Headquarters September 28, 2015—Salt Lake City, Utah. Newmark Grubb ACRES and Mountain West Retail and Investment (MWRI) are pleased to announce the sale of Davis County’s 16,000 square foot Fairfield Crossing Building located at 837 E. Fairfield Road in Layton, Utah. Newmark Grubb ACRES Vice […]

more

Golf, RV’s, Land, Water Shares… What Else Do You Need?!?!

Posted on September 11, 2015

Great piece of commercial real estate in Northern Utah.  The dry-farm could be pulled off separately as there are buyers willing to purchase that specific piece of the asset at closing (should an investor or operator not have interest).  Feel free to contact me with any questions or interest you might have or Click Here For Brief […]

more

Google Creates New Holding Company, ‘Alphabet’

Posted on August 14, 2015

I thought this was an interesting piece of news.  Google, as many are aware, is making pretty significant headway with their new fiber product right here in Utah.  The announcement of their new holding company, Alphabet, will likely turn up in Utah sooner than later and will certainly have an impact on real estate- both […]

more

How Much Longer?

Posted on August 11, 2015

Commercial real estate is enjoying an epic run with prices approaching and in some cases surpassing pre-recession highs, new supply coming online at a controlled pace, and rental rates growing at about twice the rate of core inflation (which excludes food and energy). With the economic recovery having just begun its seventh year, some in […]

more

Can Anything Stop the Momentum???

Posted on August 6, 2015

Below is a link to a great article produced by our friends at First American Title.  Though it is catered slightly to the retail market, I think it provides great insight as to potential hurdles that could affect CRE in the future.  Great read… Disruptive Forces in Retail Real Estate August 2015

more