Tuesday, February 5, 2013

Commercial real estate activity returning to normal

Salt Lake County’s multifaceted commercial real estate industry— made up of retail, industrial, office and apartment markets that don’t always move in tandem — is entering the new year in better shape than in a long time.

It’s not back to 2007, when industries were humming and the recession was yet to hit in full force. But many of the components that the commercial real estate sector uses to measure the sector’s vigor have stabilized over the past two years, and 2013 shows signs of shaping up nicely.

Last week, the commercial real estate and consulting firm released its annual review of commercial real estate action in Utah’s biggest counties. Although the office, industrial and real estate markets are each driven by different factors, the overall level of activity suggests that the industry is returning to normal long-term performance levels. Salt Lake Tribune