Mountain West Commercial Real Estate (MWCRE), a full-service commercial real estate brokerage, releases its Q2 2024 Market Report, providing key performance indicators and market metrics for metropolitan areas across the Intermountain West. Highlights: Even with the almost weekly announcements of retailer store closures and bankruptcies throughout 2024, available retail space is in short supply. Vacancy ranged from 1.5% (Eastern Idaho) to 5.2% (Las Vegas) ...

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), a full-service commercial real estate brokerage, has released a report detailing the impending challenge of commercial real estate (CRE) debt maturities. The report, prepared by J.R. Howa and Rich Lachowsky, highlights a significant issue facing the CRE market: the maturation of approximately $2.0 trillion in debt by the end of 2026. This situation poses substantial risks and opportunities …

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 …

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 ...