Follow Cresa Salt Lake City

Cresa Salt Lake City
136 South Main Street
Suite 500
Salt Lake City, UT 84101
801.300.4500 tel
Email
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Contacts

Paul Skene
Managing Principal
Email
801.300.4505 tel
Paul Anderson
Managing Principal
Email
801.300.4515 tel

Salt Lake City

Thank you for visiting the Salt Lake City, UT, web page of Cresa. We are a global commercial real estate advisory firm specializing in tenant representation. We're proud to be Salt Lake's sole tenant-only commercial advisory firm and we strive to provide our clients a scope and quality of services that is truly unmatched in this market.

Our advisers and project managers form partnerships with our real estate clients, providing ongoing service that goes "beyond the deal". As true tenant advocates, we are accountable from start to finish. Our steadfast focus and track record of significant savings for our clients has helped us win many industry accolades and grow to become North America's largest corporate real estate firm that exclusively represents tenants.

Unlike traditional real estate firms, we are service-oriented, not transaction-oriented. We provide an array of integrated corporate services and work to align your commercial real estate needs with your business plans.

We focus on real estate strategies that help you attract top talent, reinforce your brand, and increase profitability. Because we only represent the needs of commercial tenants and have no fiduciary relationships with landlords, we ensure objectivity and avoid conflicts of interest.

Market Insights

People

Paul Anderson Managing Principal 801.300.4515
Michael Chappell Senior Advisor 801.300.4516
Katie Finlayson Senior Project Manager 801.300.4517
Cherell Jordin Advisor 801.300.4518
Andrew Pace Senior Advisor 801.300.4507
Michelle Schreiber Operations Manager 801.300.4503
Paul Skene Managing Principal 801.300.4505
Shawnee Stump Marketing Manager 801.300.4502

Success Stories

Client Location Sq. Footage
Carriersales Draper, Utah  6,000 
CHG Healthcare Services Salt Lake City, Utah  280,000 
Christensen & Jensen Salt Lake City, Utah  23,000 
Control4 Draper, Utah  4,188 
HealthEquity Draper, Utah  135,000 
M & T Bank Salt Lake City  10,500  
Neovest Salt Lake City  10,942 
Ray Quinney & Nebeker Salt Lake City  61,000 
Skullcandy Park City, Utah  47,000 
Skywest Airlines Salt Lake City, Utah  20,000 
Tetra Tech West Valley City, Utah  18,143 
The Presidio Group Salt Lake City, Utah  34,000 
TruHearing Salt Lake City, Utah  48,000 
Verisk Health Inc. Draper, Utah  66,880 SF 
Talent Acquisition & Retention Strategy: Why Your Office Matters & What You Can Do
Your office says a lot about your work culture. Isn’t it important to know if your workplace is conveying the wrong message about your company’s culture to potential employees? Read More
Part Two: Healthy Office Atmosphere, Healthy Employees
This two-part series on a healthy office atmosphere covers three ways in which your company can positively impact your employees at work. In part two of two, this article delves into the impact personal interactions have on innovation, performance […] Read More
Cresa's Top 10 List of Workplace Resources
Our new resource list ensures that recommended tools are as available and accessible as possible. This article gives you access to the resources you need, in an easy to navigate list. We developed the full list from a selection of tenant e-resources […] Read More
A Two-Part Series: Healthy Office Atmosphere, Healthy Employees
This two-part series on a healthy office atmosphere covers three ways in which your company can positively impact your employees at work. In part one of two, the article delves into the impact standing desks have on employee activity levels and how […] Read More
What You Need to Know When Considering Project Management to Avoid Critical Mistakes
Many tenants begin build-to-suit or tenant improvement projects with internal company resources, but find as the project progresses they lack the requisite knowledge and find that the process is far more complex and time intensive than originally […] Read More
Third-Party Owned and Operated Solar Power for Commercial Real Estate Owners
Lower operating costs, zero upfront investment, and no maintenance. Energy consumption is the single largest contributing factor to operating expenses for commercial office buildings in the United States. One-third of most operating budgets is […] Read More
Facility Evolution in the Age of Industrial Robotics
As robot technology grows more sophisticated and its use increases throughout industrial facilities of all kinds, building configurations and human roles evolve as well. The primary drivers of this change are the mobility and flexibility of the […] Read More
Is Coworking the Future of CRE, or Just the Latest Trend in Office Space?
What does the collaborative workspace phenomenon mean for business and commercial real estate? Technology allows us to work from anywhere, but this freedom has led many people to discover that working remotely isn’t as productive or enjoyable as it […] Read More
Beyond Lower Costs and Bigger Markets: A Framework For Long-Term Geographic Strategy
Organizations that choose operational locations based primarily on low costs and promising markets for goods services often overlook critical factors that impact long-term success and failure. Read More
Planning for Future Office Space Needs in the Face of Changing Workforce Demographics
The current multi-generational workforce that comprises the Baby Boomers and the younger generations (X, Millennials, and Z) represents a significant and high-speed evolution of the workplace. Over the next five to seven years, the workforce is […] Read More
Your Next Office Space: How to Prioritize Amenities to Support Recruiting and Retention
Building amenities can reinforce your company’s culture and help with employee recruitment and retention. But how do you decide which amenities should be priorities in your next space? When your company is looking for new office space, there is […] Read More

Market Insights

The Salt Lake City office market shows signs of normalizing after over three years of record construction, absorption, increasing lease rates, and increasing costs of construction. Compared to year-end 2016, the first quarter of 2017 reveals an increase in overall vacancy, a stabilizing market, and in some cases falling asking lease rates, and a significant rise in sublease space entering the market.

At the mid-point of 2017, the Salt Lake City office market continues to exhibit positive indicators with above average historical absorption levels, increasing lease rates in some market sectors, and generally solid overall leasing activity. Vacancy in Downtown Class "A" buildings fell by nearly 2.5 percentage points and stands at 10.9%.

Current market surveys indicate a 25-30% office space availability rate in one of Salt Lake’s premier suburban submarkets: Cottonwood. With the immense commercial growth in recent years, it begs the question: Is this a market anomaly or an indication of change to come? A closer look points toward fresh opportunities for office tenants.

Salt Lake's industrial market experienced a flurry of large deals announced over the first half of the year. Large industrial occupiers either announced or started construction on several projects including Post Consumer Brands, UPS, and most recently Amazon announcing in early July a $250 million regional fulfillment center in the Northwest quadrant.

Community Service

Project Management

The Cresa Project Management Team manages the entire commercial real estate process for you – from workplace planning through design, construction, furniture procurement, and relocation planning. We truly have an integrated business model. We collaborate with our real estate advisors through the entire process to make sure your needs are met every step of the way. Additionally, we make sure your project is delivered on time, within budget and to the desired specifications.

We ensure success by taking complete control of the following:

  • Budget — We take charge of the spending for your project, advising you of any issues and pointing out possible savings
  • Schedule — We oversee the construction schedule, informing you of key dates, making sure you have time to plan your move without disruption
  • Plans — We create a rough outline of how your space will be built out, then we select the architect to draw it up formally
  • Permits — We take care of obtaining any permits necessary for the construction of your space
  • Vendor Selection — We oversee the hiring and supervision of designers, contractors, voice/data suppliers, and other suppliers
  • Coordinate Installs — We supervise the installation of carpet, paint, trim, wiring, lighting, system furniture, and other items required in a working office
  • Relocation Management — We can implement your entire move — hiring the mover, packing and unpacking, setting up computers, etc. — so your people can keep working with as few distractions as possible