2015 is officially one for the books.  In commercial real estate the trend locally and nationally was very positive.  Below is the year end report link with happenings, vacancies, occupancy, and trends.  Southern Utah did not match the trend in many national markets which saw market rates return to pre-recession values.  However, Southern Utah saw many owner users for new construction and continued strength in both retail and industrial leasing and also construction markets. 

The market continues to show strength are deals are getting more and more competitive and out of area Buyers are looking for a place to invest their funds.  While all local markets improved, the lease rates have yet to reach levels that have gotten investors excited about speculative building- but, could it be coming?  I think that is the big question for this year.

My office and NAI continue to be the leader in commercial real estate in Southern Utah- whether its dollar volume, number of transactions, or transacted sf.  If you are looking to have the top representation for your properties whether it is sales or leasing, or if you are a buyer, seller, tenant, or landlord see why NAI and Wes Davis are the top choice by local property owners.Happy and great 2016 to you!

You can download the full report by clicking on the link below:

http://www.gostgeorge.com/agent_files/NAI%202015%20market%20report_WEB.PDF

For more information contact Wes Davis on the following numbers:

Office: (435) 628-1609 Direct Line: (435) 627-5705 Fax: (678) 890-8182