Dick's Sporting Goods Came to Town!

 

 

 

Many things to a GREAT MAN at NAI Commerical, Ryan Garrett, for providing this incredible data! As you may know the Larkin Group specializes in Residential and Land and we work with great referral partners like Ryan on the Commercial end. Not only is Ryan smart and professional, he's a darn handsome dude...just ask the ladies!

Digressing back to something a little less "fun", let's talk Southern Utah Commercial Real Estate. To view the full report, click here: Southern Utah Commercial Real Estate Report.

Here are some highlights Ryan shared with us: 

Mid-way through 2012 and Southern Utah continues to strengthen! Washington County has seen the unemployment rate improve from a seasonally adjusted 8.0 percent at year end to 7.6 percent.  St. George's population grew by 2.6 percent between 2010 and 2011, and is ranked 11th in the U.S. Census Bureau's list of the fastest-growing metropolitan areas in the nation.  Overall, Utah's 1.9 percent population growth rate put it behind only Texas in the ranking.  It is encouraging to see mild-to-moderate, sustainable growth. 

Exciting additions in our Market Report include Dick's Sporting Goods (45,000 SF), Family Dollar Distribution Center (80,000 SF), which will start with 100 employees and grow to 400 in subsequent years, the Red Rock Wake(boarding) Park, the first of its kind in Utah, and Lifetime Products that purchased a 9,500 SF retail building on St. George Boulevard.  If you have ever enjoyed playing "dunk ball" by adjusting your 10' basketball standard, you can thank Lifetime Products as the inventor of that fun.  I am fortunate to have represented them in their St. George purchase across from Café Rio.

Other Noteworthy Events:

  • The Dixie Drive Interchange at Exit 5 on Interstate 15 will open July 25th.  This new interchange will greatly improve the efficiency and flow of traffic for Southern Utah motorists.
  • St. George completed the roadway widening of Red Hills Parkway (formerly Skyline Drive) from Bluff Street to 1000 East that now includes 4 lanes, a median, and a non-motorized trail way so our recreational lifestyle can be better accommodated.
  • Land developers have been aggressively picking up 10-20 acre pieces and moving through the process to develop residential lots.  Confidence is picking up.

Some Other Opportunities:

  • Retail land, off I-15 at Exit 8 for purchase, .50 - 2.14 acres, nestled between Olive Garden, Iggy's Bar & Grill, Marriott Courtyard, Target and Marriott Towne Place Suites--adjacent to Dick's Sporting Goods, Old Navy, Gap Outlet, Chick-Fil-A (Red Rock Commons)--FOR SALE!
  • Frontage Commercial Land, Dixie Drive, at $4.24 per SF (lowest price in St. George)--FOR SALE!

These are only a sampling of the quality properties currently available. For additional info on Southern Utah Commerical Real Estate, please contact Ryan Garrett at NAI Utah - rgarrett@naiutahsouth.com / 435-862-7926 OR reach out to The Larkin Group directly: larkin@gostgeorge.com / 435-787-9821