Utah Commercial Real Estate - Re/Max Metro Commercial Real Estate - Since 1991

Commercial Real Estate in Salt Lake City, Greater Wasatch Front, State Wide

Toll Free - 877-898-9530 or Email: Laurie@GaleTeam.com

Why RE/MAX Commercial

Commercial Specializations

Among the many specialties practiced by RE/MAX Commercial professionals across the network are:

• Advisory services - Whether you are a small business owner deciding between leasing, buying or building, an investor contemplating an exchange, or a major corporation in need of a creative way to bring real estate costs under control, a RE/MAX Commercial professional can find solutions for you. Services include acquisition, disposition, asset management, valuation, financial analysis, lease audits and occupancy cost analysis. Development services include concept design, site location and feasibility, permits and approvals, bidding, construction and financing.
   
• Asset management – RE/MAX Commercial specialists can develop and implement asset management strategies for a client using an entire suite of services, including leasing, property management, tenant retention and marketing.
   
• Auctions - Often overlooked, auctions can serve as highly effective approaches to maximizing return on certain properties and within certain markets. Auctions are powerful examples of a RE/MAX Commercial team's focus on maximizing values.
   
• Brokerage services - We provide a full suite of services, including owner and tenant leasing, acquisition and sales, marketing and consulting, and investment analysis.
   
• Build-to-suit - When available commercial space doesn't match your specific needs, a RE/MAX Commercial professional can skillfully guide you through all aspects of a build-to-suit project.
   
• Consulting - RE/MAX Commercial professionals help you identify and apply real estate strategies to the operation of your business. They work hard to understand the trends and needs of particular industries and apply them to your real estate transaction.
   
• Corporate relocation - RE/MAX Commercial specialists can help you with all of your relocation needs as a result of their close connection to RE/MAX Relocation, one of the premier corporate relocation companies in North America. Using the RE/MAX team for commercial and residential relocation helps to protect confidentiality throughout your research and planning stages, and ensures professionalism and timeliness.
   
• Feasibility studies – Does your real estate project make sense? Does your property meet your current and future needs? Through comprehensive analysis of corporate strategies and goals, a RE/MAX Commercial specialist can help you to determine which property is right for you.
   
• Financial and Investment analysis – Is your portfolio performing as expected? RE/MAX Commercial specialists can help you to evaluate your real estate so as to maximize the value and contribution of your assets.
   
• Industrial - A thorough and timely comparative analysis of properties reveals the best options for purchasing, selling or leasing industrial space. These results are based on local and regional economic conditions; transportation access; work force capabilities, and other variables that affect specific properties and/or businesses.
   
• International services - With a network of commercial specialists worldwide and the real estate industry's leading referral system, RE/MAX Commercial will guide you to a real estate professional with intimate knowledge of the local market and the wherewithal to complete your transactions with integrity and skill.
   
• Land - Whether for investment, long-term growth needs or immediate use, a vacant land transaction always hinges on obtaining an exact accounting of a property's history, future use and status in relation to current trends in local and regional government planning. RE/MAX Commercial specialists, through experience and market awareness, can supply the guidance needed to ensure timely, successful transactions.
   
• Lease - RE/MAX Commercial Sales Associates have the negotiating skills to obtain the best possible lease terms. Whether representing the lessor or lessee, they pay strict attention to the effect the transaction will have on your business objectives and profitability.
   
• Management - RE/MAX Commercial specialists assist you with the day-to-day operation of your property through consulting services or by helping you to procure the services of an outside property management company.
   
• Market research - As industry leaders in their respective markets, RE/MAX Sales Associates provide clients with the most up-to-date market information. Utilizing the best information available, these professionals provide sales price data, market lease information, demographics, comparative tax and labor costs, competitive analysis, vacancy and absorption rates, and other information.
   
• Office - Whether you are buying, leasing, selling or building, RE/MAX Commercial Sales Associates help you make timely, cost-effective decisions. Up-to-the-minute market analysis reveals the best space and location in a lease or purchase. In a sale, you receive maximum return through a marketing plan grounded in a solid understanding of all pertinent market data, including the status of active leases and the level of improvements and amenities in comparable properties.
   
• Opinions of value - RE/MAX Commercial specialists assist in determining the fair market value of your property through an "opinion of value." They inspect the property, consider various highest and best-use scenarios and compare the property to similar properties sold, leased and currently on the market.
   
• Property valuation - RE/MAX Commercial Sales Associates help clients identify and capitalize on commercial real estate opportunities.
   
• Retail - Stand-alone sites, downtown storefronts, multi-use complexes, strip centers, new or transitional malls, big-box power centers – whether located in a single market or across the continent – demand complete knowledge of demographic trends, traffic patterns and growth projections. RE/MAX Commercial specialists, as local experts operating within an international network of independently owned and operated offices, can quickly compile and analyze the information you need to achieve maximum value in any retail transaction.
   
• Site selection - Determining the best location for your business requires in-depth knowledge of local markets and the ability to identify economic trends. RE/MAX Commercial specialists are empowered with the information they need to anticipate opportunities, seize competitive advantage and execute the best possible real estate strategies.
   
• Tax-deferred exchanges - Whether selling raw land in favor of income-producing property or disposing of older properties with topped-out appreciation in favor of new ones, RE/MAX Commercial specialists can help you better understand and take advantage of the benefits of a tax deferred exchange.
   
• Tenant representation - RE/MAX Commercial specialists are dedicated to providing clients with comprehensive tenant representation services that meet short- and long-term goals.

Winter Olympic Games in Utah.  Real Estate After Effects

I’ve done a little research on the historical data for the years before, during and after the 2002 Winter Olympics that were held here in Salt Lake.  Most of the events took place in Salt Lake and Summit Counties.  I will attach the actual statistical data from the Wasatch Front Regional MLS for that time period.  I’ve reviewed the data and it appears that in Summit County (Park City) there was an oversupply of new construction that was probably done for the Olympic Games.  Summit County isn’t very populous and the oversupply drove the median per/unit sales down somewhat.  Over the 3 year period the average price of homes went from $514,563/home to $480,632/home.  Similarly, in Summit County (Park City), the condo prices went from $263,444/unit to $218,320/unit.  This I believe is reflective of oversupply.  It should also be noted however, that Park City is more of a resort type community and has a significant number of sales that are the result of 2^nd homes or vacation homes. 

Salt Lake County, however, with a much larger population stayed pretty consistent with a very slight increase in the average residential home price from $197,825/unit to $203,289/unit for single family residential.  The condo prices in Salt Lake declined just slightly over that 3 year period from $132,728/unit to $130,927/unit.   

  By Laurie Gale

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Market Trends

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Transaction prices of commercial properties sold by large institutional investors rose by 4.4 percent in 3Q09, according to the MIT Transaction-Based Index, bringing them to 36.5 percent below their mid-2007 peak, according to the National Association of Real Estate Investment Trusts. Given that and a narrowing of the gap between buyer and seller asking prices, REITs soon may start dipping into their amassed capital to purchase distressed assets. By the end of August 2009, REITs had raised an aggregate $24.2 billion in new capital, 34 percent more than raised in all of 2008, according to Jones Lang LaSalle. Read  More...

The Coming Foreclosure and Commercial Real Estate Storms

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