We’re pleased to announce the launch of our real estate section which provides live listings of residential and commercial properties for Northern Utah.
Utah’s thriving business scene has also been a boon to the real estate sector. Residential real estate is thriving as more people opt to buy homes instead of rent or live with relatives. The low unemployment rate is prompting residents to buy more than ever.
The commercial sector is also doing very well. A recent report from commercial real estate firm CBRE stated –
- 2015 was record-setting for industrial completions, ending the year at 2.9 million square feet of new space.
- 2016 is on track to be the strongest year for office completions on record.The consistently healthy fundamentals that characterize commercial real estate in Salt Lake City are drawing the attention of investors—both foreign and domestic.
Out of state interest is driving purchases of investment properties. The same CBRE report said, “In dollar terms, $0.79 of every dollar spent purchasing investment properties in Utah during 2015 came from out of state.”
The listings and searches provided in our real estate section are provided by Swaby Real Estate. We’ll do our best to provide the most relevant searches like downtown SLC condos and Salt Lake office leases. Swaby Real Estate offers a robust search feature for highly customized listings. They also provide tailored searches most other agencies don’t offer.
Utah’s economy has a lot of things going for it. Real estate seems to be the perfect complement to a publication that covers Utah business. We’re excited to bring yet another component of Utah business to this site.
Full disclosure: Swaby Real Estate is owned by Nigel Swaby who publishes The Startup Register.