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Posted on August 30, 2016
In the past, commercial office space has often followed a predictable, conservative layout. Oftentimes, private offices sat around the exterior of the floor plan, while all the juniors and amenities spaces were clustered towards the middle. However, many changes taking place in the industry are changing the way office buildings are designed, built and function. “Millennials […]
morePosted on July 27, 2016
It’s hard to believe that we’re already halfway through the better part of 2016, but here we are. Below is a link I’ve provided for the 2016 Newmark Grubb ACRES Midyear Market Report. All sectors (office, industrial, land, investment, retail) of the commercial real estate markets for the state of Utah are outlined herein. Geographically, this […]
morePosted on July 7, 2016
Nearly two years ago, in August of 2014, Pluralsight relocated to Farmington’s new Station Park, leasing nearly 30,000 square feet of prime office space. Chris Falk, then Vice President of Newmark Grubb Acres, was instrumental in locating an ideal office space for the world leader in professional online tech training. “This is the first really […]
morePosted on June 30, 2016
Julie Berreth with Architectural Nexus wrote the below article in the May 23 issue of The Enterprise. We’re seeing more and more groups (not just “millennial tech companies”) spend a lot of time and money in designing office space that creates value. As Utah’s commercial real estate continues to grow, you’ll likely see more and […]
morePosted 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, […]
morePosted 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 […]
morePosted 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 […]
morePosted 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 […]
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