Analysis By CBRE And Optoro Outlines Warehouse Space Required to Handle Returns, Rate of Value Loss For Returned Items Salt Lake City—Dec. 20, 2018—The voracious growth of e-commerce brings with it a costly byproduct—online returns—that CBRE calculates in a new report could total as much as $37 billion for this holiday season. Online returns often draw additional attention in [...]
CBRE’s Annual Holiday Retail Trends Guide Outlines Retailers’ Focus This Season On Buy-Online/Ship-To-Store, Enhanced Loyalty Programs & More Salt Lake City – November 13, 2018 – Retailers will seek to cap a strong year this holiday season by doubling down on strategies to draw online shoppers into stores, reward their loyalty in new ways and ensure that toys [...]
November 5, 2018 For the past few months, Utah has seen very good numbers in terms of job growth, and September was no exception. According to a report from the Department of Workforce Services, Utah's economy added more than 53,000 jobs since September of 2017. In that time, the state's nonfarm payroll employment grew by [...]
Salt Lake City – November 06, 2018 – Buoyed by robust tech-sector employment growth, Salt Lake City ranked first for office net absorption growth (growth in occupied office space) among the 30 leading tech markets, according to CBRE’s annual Tech-30 report, which measures the tech industry’s impact on office rents in the 30 leading tech [...]
Salt Lake City—November 05, 2018—The commercial real estate firm CBRE, Inc. announced today that Melina Miramontes has joined the Salt Lake City office as an associate specializing in the office market. Focusing on advisory and transaction services, Melina will work with the team of Scott Wilmarth, Tab Cornelison, Nadia Letey and Peter Black. Melina has [...]
Salt Lake City—October 24, 2018—The Salt Lake City office of CBRE has released its Q3 2018 MarketView reports; click here to download full copies of each report. Industrial Development Reaches Record Levels Salt Lake’s industrial segment continues to experience historic levels of growth and activity. With 1.1 million square feet of industrial product completed in Q3 2018, Salt Lake [...]
Salt Lake City—October 15, 2018—The Salt Lake City office of CBRE today announced that the first and second floors of Traverse Ridge Center III have been fully leased by Spaces in a 47,000-square-foot office lease. Spaces, a pioneer in creative and flexible workspaces owned by IWG, will commence occupancy upon completion of the new office building in [...]
Salt Lake City – October 2, 2018 – A new report by CBRE suggests that parking ratios in both downtown and suburban office markets around the U.S. and Canada are unlikely to see significant change in the next five years, despite increases in ride sharing and the anticipation of autonomous vehicles. CBRE surveyed a mix of office leasing professionals and office [...]
Amid E-Commerce Growth, Options for Warehouse Users, Developers Include Targeting Markets with Best Mix of Labor Supply, Quality and Cost Salt Lake City—September 17, 2018–-The rapid growth of e-commerce is forecast to create demand for another 452,000 warehouse and distribution workers in the U.S. this year and next, signaling an acceleration of job growth in [...]
Multifamily Market Remains Active with Sales Volume Expected to Reach $1.0 Billion by Close of 2018 Salt Lake City—September 12, 2018—The Salt Lake City office of CBRE has released its semi-annual Greater Salt Lake Area Multifamily Market Report, offering insight into the multifamily market along the Wasatch Front. This volume of the report highlights a market that [...]
