St. George Industrial Real Estate
The St. George Industrial Real Estate market has seen a continuing decrease in lease rates, higher vacancy rates, and consequently providing a great opportunity for negotiating tenants.
Anyone who is looking to expand, downsize, or relocate to an industrial area in St. George, Utah, has a great opportunity to negotiate terms that are completely in their favor. Two years ago there was less than a 1% vacancy rate in St. George. Landlords were able to get full asking price, offer no free rent, and the tenant that landed the space was the one who could sign the lease the fastest.
With a market that has nearly a 15% vacancy rate, tenants have the ability to get really competitive rates, rent concessions, and free gas for a year…okay probably not free gas.
St. George Utah is a great place to start a business or to branch out an existing business. The St. George commercial real estate market is full of great deals for business owners and perfect for those who like to negotiate and get more than what they bargained for.
