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Commercial real estate firm CBRE has released its annual Salt Lake City Real Estate Market Outlook report. The publication highlights the local commercial real estate market's performance during 2015 and provides insights into what can be expected in the coming year.
"2015 was an exceptional year in terms of commercial real estate," said Mark Bouchard, CBRE senior managing director. "All service lines saw strong levels of activity and increased business, absorption levels were positive throughout the year and vacancy remained in the single digits despite high levels of construction completions. These indicators suggest that demand is strong and will largely keep the market in balance in 2016."
Some of the key...