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Brandon Vandermyde-Commercial Real Estate Specialist

Archive for the ‘St George Growth’ Category

Sustainable Green Real Estate in St. George

Thursday, September 1st, 2016

Coming in at number six on Forbes list of “The Best Small Places for Business and Careers”, St. George UT has the kind of population, job growth, affordable property and low overhead costs that make it an ideal market for investing in commercial real estate. Known as a hub for active living and intense natural beauty, the landscape of St. George UT invites new residents and travelers alike from all over the world. With multiple world-renowned national parks, lush golf courses, rich local history and all manner of nightlife, performing arts and outdoor pursuits, St. George is the perfect place to buy commercial investment property for sale.

One market trend that is gaining a foothold in commercial real estate is sustainability. With increased demand from tenants, investors and government for green buildings, a push has been seen towards making commercial real estate properties more environmentally friendly. Clients have a need for a physical space that reflects their changing needs for more technology and increased awareness of environmental impact. With the special considerations of being located in a desert environment plus eco-tourism reaching newfound popularity, the time is right to invest in green real estate property in St. George UT.

The popularity of green leases reflects the growing attraction of sustainable rental property for tenants and, in turn, the increased incentive for commercial real estate owners to establish sustainability goals and allocate resources for implementation. In St. George as elsewhere, the movement towards green sustainable living and a desire to “unplug” from digital life has opened up the need for properties that can deliver the features prospective tenants want. When investment in commercial real estate is almost always a good idea, as renters become more and more green-minded, commercial real estate owners would be wise to begin undergoing green implementation to suit the changing tastes and wants of potential tenants.

With green building having a tangible effect on employee productivity and well-being, more and more tenants are looking for green spaces that offer the kinds of sustainable features they desire. Whether you want to relocate to St. George, retire or simply make an investment in commercial real estate, St. George offers an excellent climate for opportunity and growth. Get in touch with Commercial Real Estate of St. George today to begin your green real estate investment!

The Current Market for Commercial Real Estate in St. George

Friday, August 5th, 2016

If you’re looking to purchase commercial real estate in Utah, St. George is an excellent option. This city in the desert came in at number six on Forbes’ list of “The Best Small Places For Business and Careers” and the job growth, affordable property and low cost of doing business make St. George an attractive area for commercial real estate.

However, it’s important to be aware of the current real estate market in St. George, where the inventory is low, but demand is still just as high. This dynamic shift has created a true sellers’ market, and while the prices have not shot up, they have progressively increased over the last few years and continue to trend higher. When comparing 2015 to 2016 (YTD), statistics show that St. George prices are already 3.9 percent higher, with April and May having the highest gains of 19.5 percent and 6.9 percent. In addition, the data comparing 2015 to 2016 YTD shows that the number of new listings in St. George is down 4.2 percent but the number of sold listings is up 2.9 percent.

In a sellers’ market it is important to know what the value of commercial property really is. Commercial Real Estate of St. George can set you up with an experienced agent who knows how to negotiate contracts and make sure that you don’t overpay for a commercial space. We will also provide you with a detailed list of available properties, insight on properties that are not yet on the market and information on St. George demographics like population, average income, daily traffic and so forth.

Here are a few more tips for buying in a sellers’ market that you should keep in mind if you’re considering commercial real estate in St. George, Utah:

  • Familiarize yourself with real estate metrics, including:
    • Net Operating Income (NOI): The NOI of commercial real estate is calculated by appraising the property’s first year of gross operating income and subtracting the operating costs. You always want positive NOI.
    • Cap Rate: A commercial property’s “cap” or capitalization rate is used to calculate the value of income-producing properties. They are also used to estimate the net present value of future profits or cash flow.
    • Cash on Cash: Cash on cash compares the first-year performance of competing properties. This tactic takes the fact that the investor does not require 100 percent cash to buy the property and also accounts for the fact that the investor in question will not keep all of the NOI because it’s needed for mortgage payments. Uncovering cash on cash can happen once investors have determined the necessary investment amount to purchase the property.
  • Find a motivated seller who is ready and eager to sell below market value. A motivated seller is someone who has a pressing reason to sell their property below the market value, which is an excellent way to get a good deal in the sellers’ market in St. George.

For valuable real resources, experienced real estate agents, market reports and more, contact Commercial Real Estate of St. George. We’ll make sure that you get the best value for your money in a St. George commercial real estate property.

Bio Life Expands in St. Geroge

Thursday, January 22nd, 2015

Plasma 300x225 Bio Life Expands in St. Geroge

New Plasma Services Center Opens

Biolife Plasma Services opened a second St. George location on Dixie Drive, behind the Albertsons Shopping Center. The new center boasts more room than the older center as well as four more beds.

Tax Incentives Lure Businesses to Ft. Pierce Industrial Park

Sunday, January 18th, 2015

Industrial Park 300x200 Tax Incentives Lure Businesses to Ft. Pierce Industrial Park

New Business at Ft. Pierce Industrial Park

Industrial Brush Corporation, a designer and manufacturer of brushes used for food processing applications, opened its doors in Fort Pierce Industrial Park in August.

Expansion of the Fort Pierce Industrial Park has been approved by the city council. The 93-acre expansion of the park will make room for a “Business Park” That could accommodate light industrial and office spaces.

Why Would I Start a Business in St. George?

Wednesday, October 15th, 2014

St. George Why Would I Start a Business in St. George?

Some Key Benefits to Locating Down South

If you want to invest in St. George commercial real estate, or if you’re just curious to see why so many people do, then take a few minutes to read why Forbes ranks St. George #26 for best small places for business and careers.

There are really three main factors that helped St. George achieve this rank.

-Job growth
-Affordable property
-Cost of doing business

Job Growth

Forbes reported that St. George has been experiencing explosive job growth at a rate of 5.2 percent annually and projects that it will plateau at 4.0 percent in the near future. With the job market booming and businesses getting more clientele, now is the time to buy or lease in St. George.

Affordable Property

Just to help put things into perspective, if you were looking for a new office or building space with at least 3,000 square feet you could buy it for less than $150,000 dollars through NAI? That same amount of space in Salt Lake City would be upwards of $300,000 dollars.

“But Brandon,” you might say, “buying property is risky. It takes so much time and effort and energy. Even if I wanted to, I wouldn’t know where to start.”

“Well,” I would respond, “that’s why I’m here. I will take care of you. I will guide you through the entire process to help you feel comfortable with your business decisions.”

C.O.D.B

The most important factor in starting a business is knowing the break-even cost – how much you have to make to cover all of your expenses. St. George is listed by Forbes as the fifth best in the cost of doing business.

This knowledge can empower you to feel comfortable in buying in St. George because you know you are getting some of the best deals on property in the nation.

As one of the largest commercial real estate brokerages in Southern Utah, my goal is to help you get into the building that is right for you.

Call me today to see some of our featured properties.

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