Salt Lake City

The Salt Lake City office market shows signs of normalizing after over three years of record construction, absorption, increasing lease rates, and increasing costs of construction. Compared to year-end 2016, the first quarter of 2017 reveals an increase in overall vacancy, a stabilizing market, and in some cases falling asking lease rates, and a significant rise in sublease space entering the market.

Current market surveys indicate a 25-30% office space availability rate in one of Salt Lake’s premier suburban submarkets: Cottonwood. With the immense commercial growth in recent years, it begs the question: Is this a market anomaly or an indication of change to come? A closer look points toward fresh opportunities for office tenants.

The Cresa Project Management Team manages the entire commercial real estate process for you – from workplace planning through design, construction, furniture procurement, and relocation planning. We truly have an integrated business model. We collaborate with our real estate advisors through the entire process to make sure your needs are met every step of the way. Additionally, we make sure your project is delivered on time, within budget and to the desired specifications.

We ensure success by taking complete control of the following:

• Budget — We take charge of the spending for your project, advising you of any issues and pointing out possible savings
• Schedule — We oversee the construction schedule, informing you of key dates, making sure you have time to plan your move without disruption
• Plans — We create a rough outline of how your space will be built out, then we select the architect to draw it up formally
• Permits — We take care of obtaining any permits necessary for the construction of your space
• Vendor Selection — We oversee the hiring and supervision of designers, contractors, voice/data suppliers, and other suppliers
• Coordinate Installs — We supervise the installation of carpet, paint, trim, wiring, lighting, system furniture, and other items required in a working office
• Relocation Management — We can implement your entire move — hiring the mover, packing and unpacking, setting up computers, etc. — so your people can keep working with as few distractions as possible