WASATCH FRONT, UTAH LEASING ACTIVITY COMPARISON BY … · 3PL 1,353,158 Aerospace 239,000 Audio...
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INDUSTRIAL ADVISORY GROUP WASATCH FRONT, UTAH LEASING ACTIVITY COMPARISON BY TENANT TYPE © 2018 NEWMARK GRUBB ACRES ALL RIGHTS RESERVED. This document has been prepared by Newmark Grubb ACRES for advertising and general information purposes only. While the information contained herein has been obtained from what are believed to be reliable sources, the same has not been verified for accuracy or completeness. Newmark Grubb ACRES accepts no responsibility or liability for the information contained in this document. Any interested party should conduct an independent investigation to verify the information contained herein. 3PL 1,353,158 Aerospace 239,000 Audio Visual 38,985 Automotive 319,700 Batteries 159,201 400,166 Construction Supplies/Materials Consumer Goods 754,958 Dry Goods / Nutraceutical 9,550 electronics 63,000 Equipment Rental 31,092 Flooring 64,055 Food/Beverage 48,969 Freight 84,667 Furniture/Bedding 253,040 Granite & Tile 14,500 Nutraceutical 381,375 Outdoor recreation 12,000 Parcel 418,574 Pharmaceutical 70,915 Plastics 43,269 Roofing 9,600 Soft Goods 168,222 Trucking/Transportation 49,881 2017 TOTAL BREAKDOWN OF SQUARE FEET TOTALS BY TENANT BUSINESS TYPE 2018 YTD BREAKDOWN OF SQUARE FEET TOTALS BY TENANT BUSINESS TYPE WHICH COMPANIES ARE LEASING SPACES IN THE GREATER SALT LAKE AREA? As Utah’s best data source for all things industrial real estate look no further for an understanding of what types of companies are most active and moving the needle in 2017 and 2018 year to date. Below shows a breakdown of all tenant type activity for Utah, Davis, and Salt Lake Counties. SO, WHAT DOES IT MEAN? As suspected 3PL business ruled in 2017 and has slowed thus far in 2018. Construction supplies/materials remain consistent. Food and beverage shows rapid growth. As developers design buildings for future tenants or investors acquire/dispose of assets the functionality of assets varies. A deep understanding of who is most active can be the difference between a successful project or one that ultimately fails. 78,284 3PL 398,033 Aerospace 24,652 Audio Visual 173,040 Automotive 351,574 Composites 17,636 Construction Supplies/Materials 460,378 Consumer Goods 223,266 Defense 57,525 Dry Foods / Nutraceutical 30,697 Dry Goods / Nutraceutical 51,783 electronics 261,303 Eyewear 67,124 Food/Beverage 301,320 Freezer/Cooler 136,574 Freight 104,526 Granite & Tile 45,886 HVAC 58,700 Medical 123,962 Metal 55,762 Mining 77,013 Moving/Storage 99,901 Nutraceutical 50,213 Outdoor recreation 200,774 Packaging 745,427 Paper 178,751 Parcel 85,304 Piping 20,775 Plastics 119,280 Recycling 12,180 Soft Goods 30,550 Tires 194,510 Trucking/Transportation * Information from Salt Lake, Utah, Davis, Weber, Wasatch & Summit Counties * Includes all non-confidential lease activity from CoStar, Newmark agents, Non-Newmark agents, trades (regularly with Colliers, Cushman & Wakefield, and CBRE; one-for-one with smaller firms), division meeting notes, RCAnalytics, county records, press releases, news articles, etc.
Transcript of WASATCH FRONT, UTAH LEASING ACTIVITY COMPARISON BY … · 3PL 1,353,158 Aerospace 239,000 Audio...
INDUSTRIALADVISORYGROUP
WASATCH FRONT, UTAHLEASING ACTIVITY COMPARISON BY TENANT TYPE
© 2018 NEWMARK GRUBB ACRES ALL RIGHTS RESERVED.This document has been prepared by Newmark Grubb ACRES for advertising and general information purposes only. While the information contained herein has been obtained from what are believed to be reliable sources, the same has not been verified for accuracy or completeness. Newmark Grubb ACRES accepts no responsibility or liability for the information contained in this document. Any interested party should conduct an independent investigation to verify the information contained herein.
3PL1,353,158
Aerospace239,000
Audio Visual38,985
Automotive319,700
Batteries159,201
400,166
Construction Supplies/Materials
Consumer
Goods754,958
Dry Goods / Nutraceutical9,550
electronics63,000
Equipment Rental31,092
Flooring64,055
Food/Beverage48,969
Freight84,667
Furniture/Bedding253,040
Granite & Tile14,500
Nutraceutical381,375
Outdoor recreation12,000
Parcel418,574
Pharmaceutical70,915
Plastics43,269
Roofing9,600
Soft Goods168,222
Trucking/Transportation49,881
2017 TOTAL BREAKDOWN OF SQUARE FEET TOTALS BY TENANT BUSINESS TYPE
2018 YTD BREAKDOWN OF SQUARE FEET TOTALS BY TENANT BUSINESS TYPE
WHICH COMPANIES ARE LEASING SPACES IN THE GREATER SALT LAKE AREA?As Utah’s best data source for all things industrial real estate look no further for an understanding of what types of companies are most active and moving the needle in 2017 and 2018 year to date. Below shows a breakdown of all tenant type activity for Utah, Davis, and Salt Lake Counties.
SO, WHAT DOES IT MEAN? As suspected 3PL business ruled in 2017 and has slowed thus far in 2018. Construction supplies/materials remain consistent. Food and beverage shows rapid growth. As developers design buildings for future tenants or investors acquire/dispose of assets the functionality of assets varies. A deep understanding of who is most active can be the difference between a successful project or one that ultimately fails.
78,284
3PL398,033
Aerospace24,652
Audio Visual173,040Automotive
351,574Composites
17,636
Construction Supplies/Materials
460,378
Consumer Goods223,266
Defense57,525
Dry Foods / Nutraceutical30,697
Dry Goods / Nutraceutical51,783
electronics261,303
Eyewear67,124
Food/Beverage301,320
Freezer/Cooler136,574Freight
104,526
Granite & Tile45,886
HVAC58,700
Medical123,962Metal
55,762
Mining77,013
Moving/Storage99,901
Nutraceutical50,213
Outdoor recreation200,774
Packaging745,427
Paper178,751
Parcel85,304
Piping20,775
Plastics119,280
Recycling12,180 Soft Goods
30,550
Tires194,510
Trucking/Transportation
2018 YEAR IN BREAKDOWN OF SQUARE FEET TOTALS IN SLCO BY TENANT BUSINESS TYPE
* Information from Salt Lake, Utah, Davis, Weber, Wasatch & Summit Counties
* Includes all non-confidential lease activity from CoStar, Newmark agents, Non-Newmark agents, trades (regularly with Colliers, Cushman & Wakefield, and CBRE; one-for-one with smaller firms), division meeting notes, RCAnalytics, county records, press releases, news articles, etc.
INDUSTRIALADVISORYGROUP
INDUSTRIALADVISORYGROUP
© 2018 NEWMARK GRUBB ACRES ALL RIGHTS RESERVED.
TEAM PERFORMANCE
2017 NEWMARK GRUBB ACRES TEAM OF THE YEAR
5,000 TOTAL TRANSACTIONS
2017 HIGHEST TRANSACTION VOLUME NGACRES HISTORY
$8 BILLION IN TRANSACTION VOLUME
OVER 3,000 ACRES SOLD OVER 250 MILLION SF TRANSACTED
OVER 85 YEARS OF COMBINED KNOWLEDGE AND EXPERIENCE
KYLE ROBERTS, CCIM, SIOR
KALI [email protected]
MACALL [email protected]
DARNELL [email protected]
CHASE [email protected]
LUCAS M. [email protected]
JEFF HEATON, CCIM, SIOR
KELSIE [email protected]
CLICK HERETO MEET THE TEAM
• STRATEGIC REAL ESTATE PLANNING AND
EXECUTION
• CRITICAL REAL ESTATE PROBLEM SOLVING
• TENANT REPRESENTATION
• INVESTMENTS AND CAPITAL MARKETS
• OWNER-USER REPRESENTATION
• SALE/LEASEBACK ANALYSIS AND EXECUTION
• LAND DEVELOPMENT ASSESSMENT/ANALYSIS
AND EXECUTION
• 1031 TAX DEFERRED EXCHANGE ADVISORY
• VERTICAL ANALYSIS AND EXECUTION
• BUILD-TO-SUIT CONSULTATION
• CONSTRUCTION COST MODELING
• SPACE OPTIMIZATION
• VALUATION AND MARKET ANALYSIS
• COMPREHENSIVE NEEDS ANALYSIS
• LOAN AND FINANCING ANALYSIS
• NATIONAL AND LOCAL DATA/TREND ANALYSIS
• LEASE AUDITING
• SITE SELECTION
• DUE DILIGENCE MANAGEMENT
SCOPEOF SERVICES
