Summit Pointe Apartments, St George Utah
View the Article from The Spectrum

A robust residential market in Southern Utah has changed the dynamics of residential rentals and the multi-family sector.  NAI Excel was recently featured in this 3 Part series from The Spectrum and Daily News articulating some of the challenges associated with the lack of new multi-family projects and how local homeowners are coping.

Excerpt from the article:

The lack of rental space is making it increasingly difficult for renters,” said Neil Walter, managing director of NAI Excel South, arguing that factors like impact fees and zoning requirements have disincentivized builders for years to move forward with large-scale multi-family projects. “We don’t have adequate space for everyone.”

NAI Excel 2017 Outlook

Keep an eye out for the NAI Excel 2017 Outlook, which we will be released soon with updated stats and further narrative on the multi-family, office, industrial, retail, and investment sectors.

About NAI Excel

NAI Excel is a subsidiary of Brokers Holdings, LLC. Brokers Holdings owns and operates both residential and commercial brokerages in Southern Utah and Southern Nevada. It operates its residential brokerages under the ERA Brokers Consolidated brand and is licensed in Utah, Nevada, and Arizona. It operates its commercial brokerages under the NAI Excel brand and is licensed in Utah, Nevada, Idaho, and Washington. With over 300 agents and staff, Brokers Holdings closed over 1,700 transactions worth nearly $1 billion in value in 2015, and manages more than $250 million in assets for its clients.