Mountain West Commercial Real Estate Releases Q1 2024 Market Report   Salt Lake City, UT – In its latest Q1 2024 Market Report, Mountain West Commercial Real Estate (MWCRE) highlights critical trends across its retail, industrial, office and investment sectors throughout the Intermountain West (Billings, MT; Boise, ID; Idaho Falls/Pocatello, ID; Las Vegas, NV; Logan, UT-ID, Ogden-Clearfield, UT; Provo-Orem, UT; Salt Lake City, UT; St. George, UT) . The retail market continues to thrive with vacancy rates at historic lows of 5.1% or below, supported by strong demand and sustained consumer ..read more

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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 from the Report: Regulatory Overview: Understand the conservative roots and evolving changes of Utah’s alcohol laws, heavily influenced by local cultural factors. Market Dyna ..read more

Mountain West Commercial Real Estate Releases Comprehensive Report: “A Guide to Retail Alcohol Licensing in Utah” SALT LAKE CITY — Mountain West Commercial Real Estate (MWCRE) is thrilled to unveil its latest report, “A Guide to Retail Alcohol Licensing in Utah.” This thought leadership piece breaks down the landscape of retail alcohol licensing in Utah, offering invaluable information and guidance for landlords and tenants navigating this unique market. “Our guide unpacks the complexities of Utah’s alcohol licensing landscape, providing clear and actionable information,” said A ..read more

Mountain West Commercial Real Estate Salt Lake City Q1 2024 Multifamily Market Report   Salt Lake City, UT – Mountain West Commercial Real Estate (MWCRE), the largest independently owned full-service commercial real estate brokerage operating in the Intermountain West, has released its market report for the Salt Lake City multifamily market. The report highlights several key takeaways that provide insights into the current and future state of the market. One significant observation is the expectation of continued high vacancy rates over the next year, as construction deliveries o ..read more

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A Year of Transition, Vibrant Horizons Ahead MWCRE’s 2023 Year End Report SALT LAKE CITY, UT– Mountain West Commercial Real Estate (MWCRE), a prominent and full-service commercial real estate brokerage, has released its highly anticipated 2023 Year End Report, providing a comprehensive overview of the commercial real estate landscape across various markets in the Mountain West region of the United States. The report, meticulously curated by MWCRE’s team of experts, delves into the intricate details of the commercia ..read more

The National Restaurant Association’s annual State of the Industry report predicts that U.S. restaurant sales will likely surpass $1.1 trillion in 2024, marking the first time it will reach a 13-digit figure. This growth, exceeding 10% from the previous year’s forecast, is despite challenges such as high food and labor costs, staffing issues, and consumer budget constraints. While operators are cautiously optimistic about sales growth, profitability remains under pressure due to economic factors like inflation and rising costs. Many operators struggled with profitability in the previous year ..read more

Moab’s Short-Term Rental Profits Skyrocketed Over 130% During Pandemic By SOPHIA FISHER | The Times-Independent There are numbers to back up the hunch: Moab’s short-term rentals were a cash cow during the coronavirus pandemic. According to data collected by the Kem C. Gardner Policy Institute, annual profits for short-term rentals in Grand County spiked 137% from 2019 to 2022, increasing from $25,000 to over $60,000 per unit. The average nightly rate for those rentals jumped even more — nearly 143% — over the same period. Those numbers far exceeded other Utah counties, where profits and rates ..read more

Nate Clark Elevates MWCRE’s Presence Strategic Expansion of Idaho Falls Office into Southeast Idaho Market IDAHO FALLS – In a strategic move to enhance its presence in Idaho, Nate Clark, a seasoned professional, is expanding the Idaho Falls office. This expansion comes in collaboration with established broker Dustin Mortimer, bringing together a wealth of experience and expertise to better serve clients in the region. Nate Clark, known for his proficiency in managing commercial real estate in Idaho, has successfully facilitated land sales, office leasing, and retail leasing transactions acros ..read more