by aaron | Oct 31, 2025 | Market Insights
The Southern Utah Development Surge Land development remains a major driver of Southern Utah’s economy. Rapid population growth and expanding infrastructure have pushed land values between $16 – $24 per SF. However, as new regulations and costs rise, developers must...
by aaron | Oct 31, 2025 | Market Insights
The Challenge A professional services client in St. George needed a Class A office within six months to accommodate growth. Inventory was tight — office vacancy 3.3 %, and rates averaging $18.50 NNN. The client also wanted brand visibility without paying a premium....
by aaron | Oct 31, 2025 | Market Insights
Market Snapshot The industrial sector in Washington and Iron Counties remains the standout performer of 2025.According to NAI Excel’s Midyear Market Report, the average lease rate has risen to $10.80 NNN, up slightly from $10.60 NNN at the end of 2024.Vacancy reached...
by aaron | Oct 31, 2025 | Market Insights
What Is a CAP Rate? A capitalization rate (CAP rate) measures the annual return on an income-producing property, calculated as: CAP Rate = Net Operating Income ÷ Purchase Price It helps investors compare properties on an apples-to-apples basis. In Southern Utah, CAP...
by aaron | Oct 31, 2025 | Market Insights
Market Overview Retail remains one of Southern Utah’s most stable sectors.At mid-2025, vacancy increased slightly to 2.2%, while average asking lease rates rose to $26.50 NNN New construction continues to push rental averages upward, though smaller second-generation...
by aaron | Oct 31, 2025 | Market Insights
Market Context With CAP rates ranging from 6.0–7.0% and financing costs stabilizing, both leasing and purchasing commercial real estate are viable options in 2025. Businesses in St. George and Washington County are weighing flexibility vs. control as the market...
