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Recent trends are influencing CRE markets as million square foot facilities are under construction for companies like Amazon, Facebook, and Google.  Distribution, construction, and data centers are driving the expansion in the industrial sector. Tech is in full swing as major technology parks in Las Vegas and St George broke ground on their first buildings.  Innovation centers along the Wasatch Front continue in full force, fueled by approximately 150,000 students currently enrolled in its universities. Population growth is driving major hospital and medical related construction projects.  Demand for multifamily housing continues impressively strong as the construction pipeline is full.

Overall, CRE vacancy rates remain low, lease rates continue to rise, and CAP rates are holding as business continue their expansion into 2019.  View or download the full report below.