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Despite the current real estate boom going beyond what was expected, Utah's commercial real estate market just keeps on growing. That is the finding of CBRE's Salt Lake City Real Estate Market Outlook report released last week. The publication highlights the performance of the local commercial real estate market during 2017 and provides insights into expectations for the year to come.
"We are now in the second-longest expansionary period in U.S. history, yet Utah's commercial real estate market shows little sign of slowing," said Lloyd Allen, managing diretor of CBRE in Salt Lake City. "Business-friendly policy, a strong economy and quality of life continue to draw outside interest into the Salt Lake market. In 2017, a record $2.2 billion in investment sales was achieved along the Wasatch Front and development and demand levels across all market segments remain elevated."
Some of the key findings highlighted in the report include: Investment
Driven by a continued inflow of out-of-state and institutional funds, total investment sales volume in the Salt Lake...