Mountain West Commercial Real Estate Releases Q2 2024 Market Report
Salt Lake City, UT – Mountain West Commercial Real Estate (MWCRE), a full-service commercial real estate brokerage, is pleased to announce the release of their latest report, “Retail Ground Leasing 101.”
This guide provides valuable insights into the advantages, disadvantages, and market trends of retail ground leasing along the Wasatch Front.
As the Wasatch Front commercial real estate market faces rising investor interest and decreasing availability of commercial land, understanding the nuances of ground leasing has become crucial for both tenants and landlords.
“Retail ground leasing offers a unique opportunity for both tenants and landlords to maximize their investments while maintaining flexibility,” said Andy Moffitt. “Our guide aims to equip stakeholders with the knowledge they need to make informed decisions in this evolving market.”
The report highlights the benefits for tenants, such as greater control over development and lower upfront costs compared to purchasing land, while also noting the potential long-term cost implications. For landlords, the guide emphasizes the low-risk rental income and the benefits of long lease terms, despite the lower rental income relative to building leases.
The report further distinguishes between subordinated and unsubordinated ground leases, detailing the risks and benefits associated with each type. With the increasing prevalence of retail ground leases in the region, the guide includes a analysis of market data, showcasing trends in lease prices, land sale prices, and investment sale prices.
“Retail Ground Leasing 101” is a valuable resource for anyone looking to better understand retail ground leasing along the Wasatch Front.
