Grounded: Utah’s Industrial Outdoor Storage Market and the Land Constraints Shaping What Comes Next
Salt Lake City, UT – Newmark Mountain West, the leading full-service commercial real estate brokerage in the Intermountain Region, releases Grounded: Utah’s Industrial Outdoor Storage Market and the Land Constraints Shaping What Comes Next, exploring how industrial outdoor storage has quietly outperformed every other industrial subtype over the last several years, what that means for the industrial market, and where the market settles in the coming months and years.
“While industrial outdoor storage in Utah has followed national trends, our market faces some unique challenges. There is a finite supply of available land for industrial outdoor storage in the Wasatch Front, which places increased demand on the existing supply,” stated Amelia Wolfe, Director of Research Analysis for Newmark Mountain West. “This isn’t going to change. The constraints on supply are worsening. Occupiers, investors and developers will need to act quickly to take advantage of these market conditions.”
