Buyers and sellers of commercial investment real estate in Utah are bullish compared to last year at this time.
Total activity in industrial investment sales in Salt Lake County was $63 million dollars at mid year 2012, which tripled mid year 2011 totals. Over 1 million square feet has traded hands this year versus less than 500,000 at the same time last year.
The combination of low interest rates and cap rate compression is providing a rare opportunity where both buyers and sellers can meet each other on the playing field and both win.
If you have been thinking about buying or selling commercial real estate here in Utah or somewhere else in the nation call IPG Commercial Real Estate for honest and thoughtful suggestions on your specific situation.