SALT LAKE CITY—Class-A office and industrial space is king in the Salt Lake City market, where overall commercial real estate fundamentals are strong, reports CBRE. The sectors in this market all exhibited stable performance during Q1 and are expected to gain momentum going forward, and the demand for high-quality space is high.

In the office sector, as companies work to recruit and retain Millennials, demand for newer class-A space has increased. Millennials make up slightly more than one-third of the workforce here, so retaining this talent is of high importance for office tenants, according to CBRE.

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