UT - Salt Lake City
VA - Lynchburg
DEMOGRAPHICS
Salt Lake
City, UT
9,539
1,140,107
376,706
$82,120
567,447
MARKET HIGHLIGHTS
•;Adobe, Goldman Sachs, EMC,
Microsoft, eBay, Crate & Barrel,
North Face and Marshall’s have
entered the market.
•;Utah has one of the lowest
corporate tax rates in the
country.
•;City Creek, the impressive
downtown Salt Lake City
redevelopment project with
the LDS Church and Taubman
Company is scheduled to open
March 2012.
•;For the second year straight,
Forbes Magazine has listed Utah
as “the Best State in the Country
for Business and Careers.”
DEMOGRAPHICS
Lynchburg,
VA
2,124
248,585
100,680
$58,652
96,796
MARKET HIGHLIGHTS
•;Lynchburg continues to hold on
to larger tenants due mostly in
part to the steady economy in
this area.
•;Vacancy rates are continuing to
slowly fall due to several smaller
tenants branching out to the
Central VA area.
•;New construction is slowly
creeping up and new additions/
alterations are remaining steady.
•;Developers are taking
advantage of the various tax
credits, and therefore many
adaptive, re-use projects are
taking place in the downtown
market.
5.4%
Coldwell Banker Commercial
NRT - Salt Lake City
6550 S. Millrock Dr., Suite 200
Salt Lake City, UT 84121
(801) 947-8300
www.coldwellutah.com
CONTACT
•;In spite of a difficult lending
environment, a significant
number of building projects
launched in Utah’s Office
market. Speculative
development is back.
•;Vacancy rates overall are
decreasing. Net absorption is
up and lease rates remain the
same but are a lagging market
indicator.
6.5%
Coldwell Banker Commercial
Read & Co.
2508 Langhorne Rd.
Lynchburg, VA 24501
(434) 455-2285
www.cbcread.com
CONTACT
•;Investors are starting to favor
Multi-Family developments
more now than in the past when
CRE was the main focus.
•;This area is becoming more
attractive to outside developers/
investors mostly due in part to
the various incentives the city
offers to revamp the downtown
market.
OFFICE
RETAIL
OFFICE
RETAIL
Vacancy
Q
Vacancy
Q
Vacancy
Q
Vacancy
Q
Absorption
P
Absorption
P
Absorption
N
Absorption
N
Rental Rates
Q
Rental Rates
P
Rental Rates
Q
Rental Rates
N
INDUSTRIAL
MULTI-FAMILY
INDUSTRIAL
MULTI-FAMILY
Vacancy
Q
Vacancy
Q
Vacancy
Q
Vacancy
Q
Absorption
P
Absorption
P
Absorption
P
Absorption
P
Rental Rates
N
Rental Rates
P
49 Rental Rates
N
Rental Rates
P
