Its been quite some time, but its fair to say that in most markets across the country industrial tenants have more choices now than they have in several years. In the Salt Lake metro market between 100-300,000 square feet there are over 30 unique buildings to consider for lease. While there are a handful of markets in North America that have avoided this trend, it is more likely due to land constraints or a disconnect between achievable lease rates and prohibitive development costs to bring new product to market. If you occupy a building with a lease coming up in the next 24 months you may want to seriously consider options as you contemplate a lease renewal. Give us a call and we will get you on the best path forward.
