First Quarter 2012 Utah Commercial Real Estate Market Reports
SALT LAKE OFFICE REPORT: The overall direct combined vacancy rate for all property types in the Salt Lake City Metro Office Market stands at 14.7%, an increase of nearly one percentage point from year-end 2011. Read Q1 Office Report
SALT LAKE INDUSTRIAL REPORT: The overall vacancy rate has slightly increased to 9.10% from 8.60% last quarter even as market activity increased suggesting other companies are still downsizing and giving up space. Read Q1 Industrial Report
SALT LAKE INVESTMENT REPORT: The overall trend of investment activity is increasing. However, a temporary 16% softening in dollar volume occurred during the first quarter when comparing year over year results. The number of transactions remained steady. Read Q1 Investment Report
SALT LAKE RETAIL REPORT: The new 800,000+ square foot City Creek project opened in March, 2012 with a roster of new tenants to the Utah market including luxury brands such as Tiffany and Co., Rolex, Porsche Design, Tumi, Coach, Michael Kors, BCBGMAXAZRIA and others. Read Q1 Retail Report
UTAH COUNTY REPORT: Modest improvement in vacancy across the board from year end 2011 to Q1 2012. Read Q1 Utah County Report
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