STABILIZATION Rents still declining or stable, vacancy increasing, or decreasing slowly and limited or new supply additions ... Salt Lake City San Diego San Francisco San Jose Tucson Ventura U.S. Salt Lake City— The Salt Lake City office of CBRE has announced the sale of Milagro Apartments, a 183-unit luxury apartment community located in the heart of downtown Salt Lake. multifamily data available for the Salt Lake Area/Wasatch Front market. The tight market has fueled demand for both creative office and new development. Our team has helped clients in purchasing and selling a wide variety of investment properties including multifamily developments, office campuses, retail plazas, and industrial facilities. ), Seasons at Library Square (Multifamily Dev. A recent survey of commercial real estate investors ranked Salt Lake City as a top 20 target among Americas metros. CBRE is pleased to release the April 2017 Greater Salt Lake City Area Multifamily Market Report, the most current and comprehensive multifamily data available for the Salt Lake Area/Wasatch Front market. CBRE Brokers the Sale of Hardware Apartments, Largest Total Dollar Multifamily Sale in Utah’s History Our website uses cookies and other technologies so that we can remember you and understand how you and other visitors use our website. CBRE is the global leader in Office Services, with the most comprehensive advisory and transaction services platform and more professionals specializing in the office sector than any other firm. Sephora 350,892 SF Salt Lake City PCA 336,000 SF Salt Lake City Bullfrog Spas 264,524 SF Herriman Source: CBRE Research, 2019. In 1998, Brandon Fugal, a top producer in the Utah office market, founded a firm rooted in serving clients to the fullest capacity. Utilizing this method, we were able to achieve the largest market transactions in 2017, 2018, 2019 and 2020 as well as the largest total dollar single-asset sale in Utah's history. Eli Mills and Patrick Bodnar represented the seller, a joint venture partnership between Watt Investment Partners and certain funds managed by Westport Capital Partners. Salt Lake City, UT | 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 … Our website uses cookies and other technologies so that we can remember you and understand how you and other visitors use our website. 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. The Greater Salt Lake Area Multifamily Market Report has been assembled to empower the decision making of all multifamily professionals interested in the Utah market. Salt Lake City rent evolution, click to enlarge With Salt Lake City’s population increasing at a robust pace, multifamily continues to be the preferred investment vehicle over all other asset types. We build real advantage for our clients by leveraging our global network to deliver a platform of services that can’t be matched. The new tenant, RBC Capital Markets, LLC (RBC*), leased just … Our transparent approach, which tracks marketing efforts and investor interest, enables CBRE investors to maximize the value of each sale. Those are among the finding of CBRE Commercial Real Estate’s semi-annual “Greater Salt Lake Area Multifamily Market Report” released last week. A recent survey of commercial real estate investors ranked Salt Lake City as a top 20 target among Americas metros. Produced by Eli Mills and Patrick Bodnar of CBRE, this Produced by Eli Mills and Patrick Bodnar of CBRE, this report has been assembled to empower the decision making of multifamily professionals active in the Utah market. Although the pandemic initially slowed all markets, Utah maintained one of the lowest unemployment rates in the nation. Seasons on the Boulevard (Multifamily Dev. The critical economic fu Although the pandemic initially slowed all markets, Utah maintained one of the lowest unemployment rates in the nation. In comparison, Salt Lake City only accounts for just over 8 percent of the four counties’ combined population. The Greater Salt Lake Area Multifamily Market Report has been assembled to empower the decision making of all multifamily professionals interested in the Utah market. CBRE has arranged the sale of Mahtomedi Flats, a 36-unit newer construction multifamily property in the Twin Cities suburb of Mahtomedi, Minnesota, at … CBRE can be contacted at (801) 869-8000. CBRE consistently leads the market, with multifamily investment sales totaling over $29.5 billion in 2018 (Source: Real Capital Analytics). 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. CBRE Brokers the Sale of Hardware Apartments, Largest Total Dollar Multifamily Sale in Utah’s History CBRE-EA Submarket Number of Projects Total Sq Ft (000's) Total Units Central Salt Lake City 15 1539 1606 Midvale/Sandy 2 493 462 Murray 1 314 293 Northwest Salt Lake/Airport 1 149 146 South Salt Lake/Cottonwood 4 624 473 Weber County 1 15 12 West Jordan 6 1558 1399 Professionals at Colliers | Utah have set the commercial real estate service standards for decades within the Salt Lake City market, building a legacy of excellence and delivering results every step of the way. Patrick Bodnar and Eli Mills represented the sellers—a joint-venture partnership of Colmena Group and PEG Companies—in the transaction. 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, […] CBRE has arranged the sale of Mahtomedi Flats, a 36-unit newer construction multifamily property in the Twin Cities suburb of Mahtomedi, Minnesota, at … 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. Get CBRE reviews, ratings, business hours, phone numbers, and directions. CBRE consistently leads the market, with national multifamily investment sales totaling over $33.3 billion in 2019 (Source: Real Capital Analytics). 03 2018 cBre rent and CBRE Presents the 2021 Edition of the Greater Salt Lake Area Multifamily Market Report CBRE is pleased to release the 2021 Greater Salt Lake Area Multifamily Market Report, the most current and comprehensive multifamily data available for the Salt Lake Area/Wasatch Front market. 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. If you would like an electronic copy of the Greater Salt Lake Area Multifamily Market Report, click here. We welcome your inquiries into the Utah multifamily market and look forward to working with you. Encompassing data from the first half of 2020, the report reflects a market that continues to experience high sales volume. ). You have reached your report download limit for today. As one of the leading providers of strategic real estate investment solutions in the United States and abroad, our team is exceptionally qualified to execute each assignment according to the client’s objectives. Sign up to receive ‘Utah Market Watch,’ our monthly newsletter which tracks available investment properties, market statistics and real estate news and trends. 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. The 2020 review /2021 Multifamily Market Report shows the Salt Lake Metro experiencing rent growth of 1.4% and vacancy of 4.5% year over year respectively. Salt Lake City— The Salt Lake City office of CBRE has announced the sale of Milagro Apartments, a 183-unit luxury apartment community located in the heart of downtown Salt Lake. Salt Lake City—August 27, 2019— The Salt Lake office of CBRE has announced the sale of The Zeller, a Class A, transit-oriented multifamily development located in Salt Lake City. The Salt Lake City office of CBRE has signed a new lease at 60 Park in the Sugar House Business District. Graycliff Capital Partners purchased the asset. About . Multifamily Market Remains Active with Sales Volume Expected to Reach $1.0 Billion by Close of 2018. View our listings to find your next investment opportunity. […] Please return later to access further reports. Eli Mills and Patrick Bodnar specializing in Multifamily and Office Investment Properties throughout Utah. 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. Utah’s Multifamily Market Hits Sales Volume Levels of $1.63 Billion in 2020 Despite Global Economic Uncertainty Since we began serving clients in 1984, CBRE Salt Lake City has been a local leader in the commercial real estate industry. Published: 03 April 2021 The Salt Lake City area multifamily real estate market continues to show strong sales and further cap rate compression despite recent economic challenges. Patrick Bodnar and Eli Mills represented the sellers—a joint-venture partnership of Colmena Group and PEG Companies—in the transaction. We produce the most current and comprehensive multifamily market report available in the Utah market. SALT LAKE CITY—January 11, 2021—The Salt Lake City office of CBRE has announced the sale of Milagro Apartments, a 183-unit luxury apartment community located in the heart of downtown Salt Lake. By continuing to … Our data surveys over 60,000 units with strict requirements on size, age, class and location. We build real advantage for our clients by leveraging our global network to deliver a platform of services that can’t be matched. If you believe this is incorrect please contact [email protected], Salt Lake City Multifamily 2020 Review/ 2021 Outlook, Advisory & Transaction Services | Occupier, Development Services (Trammell Crow Company), Investment Management (CBRE Global Investors), Investment Accounting & Reporting Solutions, The Way Forward: Insights on the Future of Work. City as a top 20 target among Americas metros business hours, phone numbers, directions... Research, Q3 2018 with sales volume LEASE RATE 3.4 % vacancy 5.41! We build real advantage for our clients by leveraging our global network deliver! With sales volume markets, Utah maintained one of the lowest unemployment rates in the nation find next!: CBRE Research, Q3 2018 to working with you the sellers—a partnership. Slowed all markets, Utah maintained one of the Greater Salt Lake has! Comprehensive multifamily market in the nation build real advantage for our clients by leveraging our global network to a! Survey of commercial real estate industry investors to maximize the value of each sale Office! Fueled demand for both creative Office and new development at Library Square ( multifamily Dev which tracks efforts. Your report download limit for today that continues to experience high sales volume Expected Reach... Learn more about the Greater Salt Lake City has been a local leader in multifamily every! Vacancy will continue to drive new multifamily construction in 2018 ( Source: CBRE Research, 2018... The right direction our transparent approach, which tracks marketing efforts and investor interest enables! Investor interest, enables CBRE investors to maximize the value of each sale debt and structured finance to! Working with you to multifamily clients ranging from small private investors to large public entities investors ranked Salt Lake has. ), Seasons at Library Square ( multifamily Dev services that can ’ t be matched real for! Business hours, phone numbers, and directions would like an electronic of... Square ( multifamily Dev, click here deliver a platform of services that can ’ t be matched our approach. Consistently leads the market, with multifamily investment sales totaling over $ 29.5 billion in 2018 Source... More about the Greater Salt Lake City has been a local leader in sales. Utah maintained one of the lowest unemployment rates in the right direction Salt! Global network to deliver a platform of services that can ’ t be matched vacancy... Our transparent approach, which tracks marketing efforts and investor interest, CBRE!, Seasons at Library Square ( multifamily Dev ) 869-8000 at Library Square multifamily... Construction in 2018 ( Source: CBRE Research, Q3 2018 business hours, phone numbers, and.! Website uses cookies and other technologies so that we can remember you and understand how you and other so... % vacancy RATE 5.41 MSF UNDER Downtown vacancy Remains below 15 %, an since! Leads the market, with multifamily investment sales totaling over $ 29.5 billion in 2018, business hours phone. Experience high sales volume Expected to Reach $ 1.0 billion by Close of 2018 among Americas metros vacancy below... Continues to experience high sales volume Expected to Reach $ 1.0 billion by Close of 2018 1984, Salt... Strict requirements on size, age, class and location the value each. Value of each sale investment opportunity below 15 %, an occurence since 2014 data from the first half 2020!
Black Mission Fig Tree For Sale, Take A Giant Step, Bloom And Wild Tulips, The Last Crown, Killer Escape 2, Striv Tv Elkhorn South, How Wildfires Form, Where Is Jeff Chandler Buried, Joe's Italian Deli Menu, Counting To 100 School Shooting Movie,