Salt Lake City—July 18, 2019—The Salt Lake office of CBRE today announced that they are teaming up with CommonGrounds Workplace to market and fill their newly opened Workplace-as-a-Service and coworking location in downtown Salt Lake City. Located at 132 South State Street in the historic Orpheum Theatre, CommonGrounds has restored and repurposed the building as a flexible [...]
Salt Lake City, UT – July 17, 2019 – Salt Lake City advanced seven slots to land at #15 on CBRE’s annual Scoring Tech Talent Report, which ranks 50 U.S. and Canadian markets according to their ability to attract and grow tech talent. Salt Lake, which includes the Provo market area, is the highest-ranking small market in the report—areas with [...]
Coworking is often an umbrella term used to describe a variety of innovative leasing models created to provide agile solutions to an evolving work environment. This includes more flexibility in both lease terms and square footage, as well as the option for shared amenities provided by the operator and not the individual company. More generally, [...]
CBRE Report Shows Trends In Grocery Industry Converging on Convenience for Customers, Expanding Stores’ Offerings Salt Lake City – June 17, 2019 – CBRE’s analysis of factors influencing the U.S. grocery industry points to a near-term future with a fully automated checkout process, a greater emphasis on prepared meals, a proliferation of smaller, convenience-store grocery outlets, and [...]
Building is Part of the Premiere Mixed-Use Development Taking Place at Former Shopko Retail Site Salt Lake City—April 15, 2019—The Salt Lake office of CBRE today announced that Arena Communications has signed a new office lease at 60 Park Ave in Sugar House. Totaling 13,057 square feet, Arena Communications plans to occupy the space once the building [...]
Salt Lake City—April 11, 2019—The Salt Lake City office of CBRE has released its semi-annual Greater Salt Lake Area Multifamily Market Report, offering detailed insight into the multifamily market along the Wasatch Front. Encompassing data through year-end 2018 and 2019 trends, the report reflects a market that is robust with record sales volume, strong year-over-year rent growth, [...]
Report Highlights a Record $2.6 Billion in Investment Sales in 2018 and Provides a Look at Market Expectations for 2019 Salt Lake City—March 29, 2019—CBRE has released its annual Salt Lake City Real Estate Market Outlook report. The publication highlights the performance of the local commercial real estate market during 2018 and provides insights into expectations [...]
Investors Look for Stable Income Stream and Capital Growth in Acquisitions Salt Lake City—March 18, 2019—The search for yield in a late-cycle environment is drawing more commercial real estate investors into secondary markets and alternative assets, according to CBRE’s 2019 Americas Investor Intentions Survey. The survey, which covers all asset types, found that investor appetite for risk [...]
Continued Cap Rate Stability Expected in H1 2019, CBRE Survey Finds Salt Lake City—March 15, 2019—Strong economic growth, abundant capital, and a favorable supply and demand environment led to broadly stable capitalization rates for U.S. commercial real estate assets in the second half of 2018, according to the latest research from global property advisor CBRE. [...]
Salt Lake City – February 19, 2019 – The Staybridge Suites Lehi at Traverse Ridge Center opened its doors for service on Tuesday, February 12th. Located at the intersection of Triumph Boulevard and SR 92, the new hotel is part of the Traverse Ridge Center business park, a 22-acre development consisting of three Class A office buildings and [...]
