• Investment sales reach record $2.2 billion.
  • Populatoin growth drives multifamily sales to $1.1 billion.
  • Out-of-state capital accounts for 76% of commercial volume.
  • Competitive returns and strong economic conditions attract buyers to Utah.
  • Cap rates continue compression for retail and industrial, but increase for office.
  • Value-add acquisitions increase, as Class A product for sale is limited.
  •  Outlook positive, with fiscal reform promising an extended cycle.