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Trends in A More Volatile Market The Consumer Price Index (CPI) tracks out-of-pocket spending by urban consumers and is released mid-month, while the Personal Consumption Expenditures (PCE) index, preferred by the Federal Reserve, includes broader spending and comes out at the end of the month. CPI focuses on actual consumer expenses, but PCE is more comprehensive. Recent CPI trends show rising inflation, especially from …

Retail ground leasing is popular along the Wasatch Front due to high investor interest and limited commercial land. Tenants benefit from more control over development and improvements, and lower upfront costs compared to buying land. Rent payments for ground leases are tax-deductible for tenants, who can also depreciate building improvements. Landlords benefit from no development costs, minimal maintenance responsibilities, and long lease terms (15-40 …

Mountain West Commercial Real Estate (MWCRE) has released a report looking at two retailers that announced the largest number of store closures in 2023, Bed Bath & Beyond and Tuesday Morning. Together, these two retailers accounted for more than a quarter of all U.S. store closures in 2023, significantly impacting the retail landscape in the Intermountain West. In 2023, more than 4,600 retailers shuttered …

Discover the Complexities of Alcohol Licensing in Utah Mountain West Commercial Real Estate has released a new report titled “A Guide to Retail Alcohol Licensing in Utah,” offering a detailed overview of the state’s unique alcohol laws. This guide, authored by industry experts, sheds light on the nuances of navigating the licensing landscape, making it an indispensable resource for landlords and tenants alike. Highlights …

SALT LAKE CITY, UT - Mountain West Commercial Real Estate (MWCRE) analyzed Aspen, Colorado, and Park City, Utah, revealing key similarities and differences. Both areas have affluent residents, home values exceeding $1.0 million, and daily winter visitor spending over $400. Park City has a larger population (8,703 vs. Aspen's 6,935) and a higher percentage of households with children (24.7% vs. Aspen's 16.6%). Aspen has ...

Read the entire whitepaper here. A new whitepaper released by Mountain West Commercial Real Estate (MWCRE) shows that retail space is undergoing a transformation, as the greater downtown Salt Lake City continues to densify. Market wide, a noticeable and significant trend is older one- and two-story retail buildings being demolished and replaced with multifamily developments, many of which incorporate retail space into the ground ...