Utah Businesses Exceed Governor’s Job Challenge
Utah Creates 112,000 Jobs in 1,000 Days
In 2012 Governor Herbert challenged the private sector to create 100,000 jobs in 1,000 days (100 jobs per day). This was an impressive goal considering unemployment rates were high, and job growth in the state had been slow across the nation.
Governor Herbert recently announced the goal had not only been met, but that it had been surpassed. He said, “The only thing more rewarding than accomplishing a goal is exceeding that goal. I congratulate the private sector for creating more than 112,000 jobs in 1,000 days and businesses in Utah continue to create more every month.”
When jobs are created, there is more need for Commercial Real Estate. Vacancies in the market are filled with new companies, and you see more owner-occupied buildings built, along with investors that see an opportunity to build more as vacancies decrease, and lease rates increase.
Currently, the unemployment rate is 3.6 percent, which is roughly half of what it was in 2011. Utah continues to see job growth at approximately double that of the national rate.
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 your business.