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2021 Q2 Salt Lake County Office

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“Utah’s economy is leading the nation pre- and post-pandemic, which means opportunities in Utah have increased tremendously for owners and occupiers looking to expand office real estate footprints and acquire strategic assets.”

 

Office activity is expected to increase throughout the rest of the year as Utah’s economy continues to trend upwards due to continued growth. Sublease availability saw a slight decrease as larger tenants completed subleasing their space this quarter.

 

Key Takeaways

 

  • Sublease availability is decreasing
  • Continued economic recovery
  • Buildings under construction asking an average of $38.20

slcofficeQ22021

2021 Q2 Salt Lake County Office

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Related Experts

Megan Donnell

Research Manager

Salt Lake City - Millrock

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Lana Howell

Senior Director Transaction Management

Salt Lake City - Millrock

Lana Howell is an accomplished Senior Director of Sales and Transaction Management with over 20 years of experience in the commercial real estate industry. Currently, she holds a leadership position at the largest industrial team in Utah County, where she oversees all phases of industrial real estate, including analytics, marketing, site selection, user sales, leasing, and investment sales. Prior to this role, she served as the Managing Director and Market Leader for Colliers, Utah,

As the Managing Director of Colliers Utah, Lana Howell was responsible for overseeing the strategic direction and operations of the region's commercial real estate services. She led a team of professionals and ensured the highest level of client satisfaction by providing best-in-class service and delivering results. Lana established and maintained relationships with clients, industry professionals, and community leaders, working closely with the Colliers corporate team to develop and execute on regional and national initiatives.

Under her leadership, Colliers Utah experienced significant growth in market share and revenue and received multiple awards for excellence in service and performance. With over 20 years of experience in the commercial real estate industry, Lana is a trusted advisor to clients and a thought leader in the Utah market. Her strong leadership, strategic vision, and commitment to delivering exceptional service have earned her a reputation as a highly respected and influential figure in the industry.

Throughout her career, Lana has successfully maximized business and operational efficiencies, fostered a positive work culture, and led top-performing teams focused on accuracy, impeccable service delivery, and accountability. She is a dedicated market expert, passionate about leadership, and has a proven track record of building successful teams.

In addition to her leadership roles, Lana has provided real estate expertise and hands-on support to Colliers International and has maintained strong client relationships. Her past work experience includes positions at major companies such as Coldwell Banker Commercial Advisors, CBRE, Champion Safe, KT Tape, and NAI Global.

Lana is a licensed Real Estate Broker in Utah and has been recognized as one of the "30 Women to Watch" by Utah Business. In addition, she is an active member of various professional organizations, including the Utah Valley Chamber of Commerce, CREW UT, the Economic Development Corporation of Utah, and the ULI Women's Leadership.

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