Wednesday, April 7, 2010

EDCU: Commercial Real Estate Recovery: Are We There Yet?

Has Utah's commercial real estate market hit bottom? Are the capital markets unthawing? Will the retail sector be the first to rebound? Will investors swoop in and gobble up record bargains on distressed properties?

Like other areas of the country, Utah's commercial real estate market was hit hard by the recession. In fact, 2009 was a difficult year for the market in most respects; however, 2010 looks much more promising and 2011 even better. While no one has a crystal ball, EDCUtah's partners from the commercial real estate sector say they are cautiously hopeful that improvements in Utah's job market will lead to the recovery of the commercial real estate sector.

You can read the enlightening story about Utah's commercial real estate market and where it is headed in EDCUtah's spring Site Selector Quarterly (SSQ) newsletter, which is being distributed this week to site consultants, real estate brokers, business leaders, and many other interested parties across the state and nation. Written from the perspective of EDCUtah's partners in the commercial real estate market, the feature story provides an engaging look at the market, its challenges, and how it is connected to the state's job market.

Read the full story online in our Site Selector Quarterly newsletter.

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