Whether you are looking for commercial real estate in Utah or somewhere else in the US, there are many different types of properties that are available. For instance, if you’re looking for a property for commercial use, you might be looking for industrial space, or you might be looking for a property that is located in a city like Salt Lake City, Park City, or St. George.
Salt Lake City
Located in the Salt Lake Valley, Salt Lake City is nicknamed “The Crossroads of the West.” The city is home to 137,628,675 square feet of industrial space and has the largest industrial vacancy rate in Utah at nearly 2.0%.
Salt Lake City’s commercial real estate market is expected to grow strongly through the next few years. Strong demand for rental housing is expected to increase as new residents move into the city. The city is also home to many tourists who visit nearby mountains and towns for day trips.
Salt Lake City is an ideal location for businesses looking for a strong market. The city has the highest growth rate in the state, with unemployment lower than the national average.
The city is home to a strong tourist industry and an active industrial market. The industrial market is expected to continue its expansion through 2022.
St. George
Whether you are looking for a retail space, an office or an industrial space, St. George, Utah offers plenty of opportunities to meet your business’ needs.
Commercial real estate can be a great investment. When choosing a property, it’s important to choose one that will fit your needs and budget. You’ll also want to make sure you check zoning laws to avoid any potential problems.
While there isn’t a lot of commercial space in the area, there are plenty of options to choose from. Buying a commercial property will allow you to have consistent income while also getting a good return on your investment.
The largest market share belongs to Red Rock Real Estate. They are a full service brokerage and have been in business for over 10 years. Their services include buying, selling, leasing and management of commercial properties. They closed 2,800 transactions last year, totaling over $1.5 billion in volume.
Park City
Whether you’re looking for an investment property or a rental property, Park City, Utah commercial real estate offers a variety of options. Park City offers a variety of locations from the historic Old Town to the mountain tops. The city is also known for its world class recreational venues and top ranked public schools.
The city has a rich history, but the commercial real estate market has been experiencing a renaissance. There are a wide variety of commercial real estate listings available for purchase, including 27 buildings for sale. The Park City MLS allows properties to be classified in seven ways.
The best way to search for properties is through a neighborhood page. This allows you to filter by price, area, and other relevant information.
Industrial space
Whether you are searching for a building, a warehouse, or storage space, Utah commercial real estate has something to fit your needs. The Salt Lake City industrial market is a vibrant one that is expected to grow substantially over the next several years.
Salt Lake City is a major transportation hub, with easy access to major interstate systems. Utah has been consistently named one of the best states for business by Forbes magazine. This reputation has helped make the state an attractive location for businesses and employees.
A recent report from the National Association of Realtors compiled a list of 25 indicators that indicate the state’s economic health. This includes GDP growth, employment, and wage growth.
Vacancies in Utah’s industrial and retail sectors are falling. Specifically, vacancy in manufacturing space has fallen to 0.6%. This has pushed average asking rents upward by 3% quarterly.
Hospitality
During COVID-19, interest in Utah commercial real estate increased. Some experts believe that Utah is on its way to becoming one of the strongest markets in the country. The industry is booming, but there is still plenty of room for improvement.
There are a few industry players that have made an impact in Utah. One of these is Marcus & Millichap, which specializes in investment sales and financing. It is also a leading commercial real estate brokerage firm.
Another company that is making its presence felt is CooperWynn Capital. They are a group of purpose-built companies that deliver industry-leading results. In particular, they provide asset management and complete hotel management services. In addition, they offer custom-tailored hotel management solutions.
Another company is the Francis – Christensen Hotel Group, a Utah-based hospitality brokerage team with 26 years of collective experience. They have experience with Marriott and Best Western, among other hotel brands. They have brokenred more transactions in Utah in the past six years than any other brokerage.
