Utah faring better than other Western states in commercial real estate market

With big names like Adobe, Electronic Arts and Twitter setting up shop along the Wasatch Front, Utah has fared a bit better than many of its western neighbors in finding occupants for its available commercial real estate. And while the area has experienced its share of economic difficulty during the recession, the market could be poised for growth in the near future.

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Projects in the development pipeline include Falcon Hill — a 550-acre aerospace research park in Clearfield, Station Park — a 62-acre mixed-use development next to Farmington's FrontRunner station and City Creek Center in the downtown Salt Lake City central business district, said Brandon Fugal, executive vice president at Coldwell Banker Commercial.

And more projects are under way in Utah County as well. "The former Geneva (Steel) site is 1,700 acres in the center of a major metroplex area … (with) access to three critical thoroughfares," he said. "It's master-planned to be the transit hub for that entire county." Deseret News