The Salt Lake City office of commercial real estate firm Newmark Grubb ACRES has released it mid-year report on the state of commercial real estate in the Salt Lake City area.
In the “Market Report on the Utah and Mountain West,” Newmark professionals studied survey information to establish opinions and develop forecasts about trends and market activity. The report concludes that the market has been strong, lease rates are steady or increasing, construction continues statewide and outside investors are becoming more interested in the market. More generally, the report said, Utah’s economy continues to outperform the national average and remains one of the most fundamentally sound economies in the country.
Key finding of the report include: