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OWNED & MANAGED BY:324 South State Street Salt Lake City, UtahAnnastasia Kaessner 1 801 441 5921annastasia.kaessner@colliers.comRusty Lugo 1 801 947 8377rusty.lugo@colliers.comColliers International111 Main Street Suite 2200Salt Lake City, UT 84111P: 1 801 947 8300 FOR LEASE OFFICE Lease Rate: 25.00/ RSF Full Service Up to 49,425 RSF contiguous space available 21,832 RSF move-in ready tech space available 2.25/1000 SF parking ratio Within walking distance to TRAX Renovations underway for brand new lobby and common areas Real Food for Real People - Opening May 2019
stFLOOR2ndFLOOR3rdFLOORSPACE AVAILABLEAnnastasia Kaessner 1 801 441 EAAREADIRECTACCESS TOPARKINGGARAGECOMMONAREASTAIRCASETO BASEMENTCOMMONAREA324 South State StreetSalt Lake City, UtahRusty Lugo 1 801 947 8377rusty.lugo@colliers.comLEASEDColliers International 111 Main Street Suite 2200 Salt Lake City, UT 84111 P: 1 801 947 8300
SUITE 210: 20,834 RSF In shell condition, ready for tenant improvements Open floor plan with great light, exposed brick andceilings Great views of the Wasatch Mountains and Salt LakeCity and County BuildingSUITE 302: 7,209 RSF In shell condition, ready for tenant improvements Open floor plan with Broadway facing views, exposedbrick and ceilingsSUITE 300: 21,382 RSF Plug and play, move-in ready spaceCOMBINED 210, 302, AND 300: 49,425 RSF Annastasia Kaessner 1 801 441 5921annastasia.kaessner@colliers.comDirect access to covered parking garageRusty Lugo 1 801 947 8377rusty.lugo@colliers.comColliers International 111 Main Street Suite 2200 Salt Lake City, UT 84111 P: 1 801 947 8300
LOBBY & COMMON AREARENOVATIONS UNDERWAYAnnastasia Kaessner 1 801 441 5921annastasia.kaessner@colliers.comRusty Lugo 1 801 947 8377rusty.lugo@colliers.comColliers International 111 Main Street Suite 2200 Salt Lake City, UT 84111 P: 1 801 947 8300
GALLIVAN CENTERThe Gallivan Center providesdowntown crowds spaceto gather for lunch or ashort reprieve from theday’s hectic work schedule.Special events such asfestivals, concerts, holidaycelebrations, and weddingsmake Gallivan Center a livelyand exciting event venueyear-round.23,075 ADTSALT PALACE22,145 ADTTHE GEORGE S. &DOLORES DORE ECCLESTHEATER100 South13,255 ADT22,420 ADTThe new theater is state-ofthe-art, with a 2,500 seatMain Hall and publicgathering places. It willattract the biggest and besttouring Broadway productions,nationally prominent familyshows, and music andcomedy acts.CITY CREEKHome to more than 500residences, 90 retail shops,as well as nine office buildingsthat house more than 5,000workers daily.300 South27,975 ADTMain Street24,845 ADT200 South 17,165 ADTON REGENTThis retail redevelopmentwill connect City Creek andGallivan Center providing aplace for people to gather andconnect in a culturally richarea. Regent will include retailand dining establishmentsalong with live events and richarchitecture.TEMPLE SQUAREJust a block north of 111Main, this iconic landmark isranked by Forbes Magazine asthe 16th most visited touristattraction in the US. TempleSquare attracts over 5 millionvisitors from around the worldevery year.Annastasia Kaessner 1 801 441 5921annastasia.kaessner@colliers.comRusty Lugo 1 801 947 8377rusty.lugo@colliers.comColliers International 111 Main Street Suite 2200 Salt Lake City, UT 84111 P: 1 801 947 8300The Salt PalaceConvention Center is anintegral part of the vibrantdowntown scene. Theconvention center hostssome of the largest eventsincluding the OutdoorRetailer trade shows. Thecenter draws thousandsof visitors into the heart ofdowntownVIVINT SMART HOMEARENAThe Vivint Smart HomeArena is a gathering placefor all ages. Home tothe Utah Jazz, the arenahosts basketball gamesas well as concerts andother attractional events.Adding to the experience ofdowntown Salt Lake City.
WHY UTAH?UTAH PROVIDES A HIGH QUALITY OF LIFEUtah is a national leader in high jobgrowth, low unemployment, low cost ofdoing business, and talented labor. Utahregularly ranks among the best states forbusiness, careers, living, health, andquality of life. Utah provides an arrayof employment opportunities in variousindustries, and offers its residents numerous lifestyleoptions that range from quiet rural settings to thrivingurban centers.Most of Utah's population resides along The WasatchFront, roughly 150 miles of contiguous cities andcommunities, running predominantly north-south alongthe I-15 corridor and the western slope of the WasatchMountain range, from Brigham City to Nephi.Utah is world-renowned for its bounty of public landsand recreational opportunities ranging from mountainwilderness to desert landscapes. Utah has five nationalparks, six national forests, numerous state parks andrecreation areas, and over a dozen ski resorts.Utah is a geographically diverse state, encompassing aconvergence of three distinct geological regions: theRocky Mountains, the Great Basin, and the ColoradoPlateau.The beehive is the state symbol of Utah. The Mormonsettlers used the symbol to represent hard work andindustriousness. The beehive is where all workerscooperate in the construction of something much biggerthan themselves, as a model for a properly run society.Utah is aYoung & High-GrowthStateTheEconomic Conditionsin Utah are GreatONE OF THE FASTESTGROWING STATES IN THE U.S.2nd15.2%POPULATION INCREASE2010-2018 30.6MEDIAN AGE OFRANKEDBEST STATE FOROVERALL ECONOMY UTAH NAMED#2THE YOUNGEST STATE INTHE U.S. BY MEDIAN AGE BEST STATEFOR BUSINESSIN 2018 4204thTHERE ARE MORE THANTHOUSANDMORE PEOPLE IN UTAHTHAN THERE WERE IN 2010 URANKEDBEST STATE FORVENTURE CAPITAL Downtown Salt Lake CityOC
WHY UTAH?LoganBrigham CityOgdenLaytonWest Valley CityUtah boasts a HighlyEducated & SkilledWorkforce35MORE THANHIGHER EDUCATIONINSTITUTIONS IN UTAH Opportunities forJobs & Careersin Utah are PlentifulAMONG THE TOP STATESIN THE U.S. FOR JOB GROWTH3.6%UTAH’S JOB GROWTH RATE2017-2018 LehiUtah contains aMultilingualPopulationSalt Lake CityPark CitySandyVernalOremProvoDucheseneNephiPriceGreen River120OVERRichfieldMoabLANGUAGESSPOKEN IN UTAH Cedar CitySt. George48%OF UTAHNS HAVEOBTAINED POSTSECONDARYCERTIFICATES OR DEGREES UTAH IS EXPERINCINGOVERWHELMING JOB GROWTH INCONSTRUCTION,FINANCIAL,HEALTH &TECHNOLOGYSECTORS 15%ABOUTOF UTAH RESIDENTS SPEAKA LANGUAGE OTHERTHAN ENGLISH AT HOME TOTAL POPULATIONWORKFORCEMILLIONMILLION3.21.3UTAH’S POPULATION BY GENERATION69OVERTHOUSANDDEGREES AWARDEDIN 2015 ABOUT48246JOBS ADDED TOUTAH’S ECONOMY IN 2018 SPANISH SPEAKERS THOUSANDMORE THANTHOUSANDSilent & Greatestborn 1925 and earlier5.2%Baby Boomerborn 1945 - 196415.6%17.6%Generation Xborn 1965 - 1979Millennialborn 1980 - 199428.1%29.8%Generation Zborn 1995 -20123.7%Generation Alphaborn 2013 or later0200k 400k 600k 800kDowntown Salt Lake City
UTAH HOUSINGCOLLIERS INTERNATIONAL UTAHUTAH’S GROWING HOUSING MARKETSalt Lake City is growing immensely. With a large increase in construction, housing vacancyrates in Salt Lake City are at an all-time low. The growth in population and employmentsupports a vibrant city in which many want to live and work. Estimates anticipate that thisgrowth in business and population will continue, adding an additional 30,000 residents by2030. Salt Lake City’s current population of 190,873 people consists of 85,938 households. It isprojected that by 2023 there will be a total of 92,985 households in Salt Lake City.Post-college aged millennials (age 25-34) account for 21 percent of the population in Salt LakeCity. This remarkably beautiful city is thriving with new businesses, growing families, and young opportunists.Making Salt Lake City a highly sought after location to live in Utah.85OVERTHOUSANDTOTAL ESTIMATEDHOUSEHOLDS(2018)1.6%PROJECTED ANNUAL GROWTH(2018 TO 2023)92OVERTHOUSANDTOTAL PROJECTEDHOUSEHOLDS FOR 202396.4%OF SALT LAKE CITY HOUSINGUNITS ARE OCCUPIED(2018)89OVERTHOUSANDTOTAL HOUSING UNITS(2018)3.7%VACANCY IN SALT LAKECITY HOUSING MARKET(2018)*All Stats on page from Sites USADowntown Salt Lake City
HIGHER EDUCATIONCOLLIERS INTERNATIONAL UTAH33%OF UTAHNS HAVE OBTAINEDA BACHELOR’S, GRADUATEOR PROFESSIONAL DEGREE 2ndRANKEDBEST STATEOVERALL FORHIGHER EDUCATION ENROLLMENTTO GROW BY60THOUSANDSTUDENTS OVERTHE NEXT 10 YEARS 3rd 38%RANKEDBEST STATEFOR LOW TUITIONCOSTS IN THE U.S. OF UTAHNS AGED18-24 YEARS OLDARE CURRENTLYENROLLED IN COLLEGE UTAH PRODUCES AN EDUCATED AND SKILLED WORKFORCEIn 2015 schools in Utah awarded 69,068 degrees. That population is skewed towards females, with30,909 male students and 38,159 female students. The largest universities by number of graduates wereWestern Governors University (13,186/19.1%), University of Utah (8,392/12.2%), and Brigham YoungUniversity (7,918/11.5%). The most popular majors in Utah were Registered Nursing (4,381/6.34%),General Business Administration & Management (2,151/3.11%), and Accounting (1,376/1.99%).The median tuition cost for public four year colleges in Utah was 5,774 for in-state students, and 18,720 for outof-state students. Programs in highest demand are; Nursing and healthcare (Nursing, allied health, social work,psychology), Computer science and information technology, Engineering, Science and aviation, Business, hospitalityand tourism.MAJOR EDUCATIONAL INSTITUTIONS IN UTAH2nd largest employer4th largest employer14th largest employer36th largest employer40th largest employerEnrollment: 32,760Enrollment: 33,517Enrollment: 39,931Enrollment: 26,681Enrollment: 29,350Salt Lake City, UtahProvo, Utah& 1 satellite campus inSalt Lake City, UtahOrem, Utah& 3 satellite campuseslocated in Utah & WasatchCountiesOgden, Utah& 7 satellite campuseslocated in Weber & DavisCountiesSalt Lake County, Utah5 campusesPublic UniversityPublic Universityin Utah by number ofemployees (2018)(2017)Public Research Universityin Utah by number ofemployees (2018)(2017)Private Research Universityin Utah by number ofemployees (2018)(2018)in Utah by number ofemployees (2018)(2017)in Utah by number ofemployees (2018)(2017)Public Two-Year CollegeUniversity of Utah Campus in Salt Lake City, Utah
WHY UTAH?HIGHER EDUCATIONUtah Valley University Campus in Orem, UtahUtah Valley University is now Utah’s largest higher education institution by enrollment and continues to experienceunprecedented growth, enrollment swelled by 7.1% in 2018 to a total of 39,931 students. That’s higher even than 2017's6.6% surge. This distinguishes it as the largest public university in the state by more than 6,000 students.Southern Utah University saw the largest percentage gain at 7.7% growth since 2017 with 728 more students. Theenrollment for the Cedar City school is now 10,196. The largest freshman class in its history with 2,131 students whichbegan in the fall of 2018, that is a 9.4% leap from the previous year.Overall, total enrollment at Utah’s public universities climbed 2.17% statewide with an additional 3,915 students oncampuses. There are now roughly 184,000 college students in Utah.OTHER NOTABLE EDUCATIONAL INSTITUTIONS IN UTAHEnrollment: 28,622Enrollment: 10,196Enrollment: 8,350Enrollment: 4,113Logan, Utah& 7 regional campuseslocated throughout UtahCedar City, UtahSt. George, Utah& 1 satellite campus inHurricane, UtahEphraim & Richfield, Utah2 campuses(2018)(2018)Public UniversityPublic University(2017)(2015)Enrollment: 2,887(2017)Salt Lake City, UtahPrivate Liberal Arts CollegePublic Two-Year CollegePublic University Ameritech College of HealthcareDraper, Utah LDS Business CollegeSalt Lake City, Utah Southwest Technical CollegeCedar City, Utah The Art Institute of Salt Lake CityDraper, Utah Mountainland Technical CollegeLehi, Utah Stevens-Henager Collegevarious locations statewide Bridgerland Technical CollegeLogan, Utah Neumont UniversitySouth Jordan, Utah Tooele Technical CollegeTooele, Utah Broadview Universityvarious locations statewide Ogden–Weber Technical CollegeOgden, Utah Uintah Basin Technical CollegeRoosevelt, Utah Certified Career InstituteSalt Lake City & Clearfield, Utah Provo CollegeProvo, Utah University of Phoenixvarious locations statewide Davis Technical CollegeKaysville, Utah Utah College of Applied TechnologyLehi, Utah Eagle Gate CollegeMurray & Layton, UtahRocky Mountain University of HealthProfessionsProvo, UtahRoseman UniversitySouth Jordan, Utah Western Governors Universityonline university, headquartered inSalt Lake City, UtahCOLLIERS INTERNATIONAL UTAH
TECHNOLOGYView from inside Adobe’s building in Lehi, UtahWHY UTAH?UTAH IS A THRIVING TECH-HUBUtah’s “Silicon Slopes” refers to the cluster of information technology,software development, hardware manufacturing and research firms thathave emerged along the Wasatch Front. Utah is nationally recognized as aleading technology hub. Utah is ranked #1 one in innovation and entrepreneurship, #2 in high-techperformance, and #3 in economic performance by the U.S. Chamber ofCommerce FoundationSALT LAKE CITYRANKED#1CITY POISED TOBECOME NEXTTECH MECCA TECH EMPLOYMENTIN UTAH GREW Tech companies have flocked to Utah for its lower taxes, more flexible regulatoryenvironment, and a well-educated, multilingual workforce16% Forbes has ranked Utah as the Best State for Business 6 times since 2010, andrank 3rd in 20182012-2017 Utah’s tech workforce is fed by major technology and research universities:University of Utah, Brigham Young University, and Utah Valley University, all ofwhich offer programs intended to develop young entrepreneurs5,500 Utah has high concentrations of Software Developers, Web Developers,Computer and Information Research Scientists, and many other IT relatedoccupationsOVERTECHNOLOGY RELATEDCOMPANIES IN UTAH Utah is one of the top states in the nation for software and informationtechnology employment with an employee base of over 66,000 people There is a strong mixture of local homegrown startups (Domo, Ancestry,Qualtrics, Pluralsight, etc.), as well as major Fortune 500 companies (Adobe,Microsoft, Oracle, Symantec, etc.) According to Wallethub, Salt Lake City ranks 7th among the best U.S. cities forSTEM (Science, Technology, Engineering, and Math) jobs, beating out Chicago,New York City, San Jose, and other prominent “tech forward” townsBETWEEN 2012-2017OVER 4.2BILLIONOF VENTURE CAPITALWAS INVESTED IN UTAH COLLIERS INTERNATIONAL UTAH
SILICON SLOPESView from inside Adobe’s building in Lehi, UtahSOME TECH COMPANIES DOING BUSINESS IN UTAHDevelops multimedia and creativitysoftware products, and employsover 17,000 employees worldwideCompleted a 280,000 SF campusin Lehi, UT in 2012 which housesabout 1,200 employeesRecently announced plans toexpand their facility which willmore than double their UtahworkforceA joint venture between Intel andMicron, manufactures and developsflash memory used in mobilephones, hard drives, tablets, andcomputers.Headquartered in Lehi, UtahA smart home services providerthat offers security systems,fire detection, and other homeautomation systemsHeadquartered in American Fork,UtahIn November 2018, it wasannounced that it would beacquired by SAP for 8 billion in anall cash dealIn June, 2017 the online socialnetworking service announcedplans to build a 1-million SF datacenter in Eagle Mountain, Utah.Bringing 750 million in capitalinvestment, including more than 100 million in infrastructure thatwill help to support additionaleconomic development in EagleMountain and the surrounding area.Specializing in developingenterprise hardware andsoftware, in addition to databasemanagement systemsAn online retailer that offers itscustomers an opportunity to shopfor bargains conveniently, whileoffering its suppliers an alternativeinventory distribution channelIn Utah, ebay operates customerservice, technology development ofsoftware tools, human resources,and the legal and financedepartments.Headquartered in Midvale, UtahOperates a 241,000 SF facility inDraper, UtahProvides software for professionalsinvolved in estimating all phases ofbuilding and repair. Xactware is asister company of VersickThe world’s largest softwaremaker by revenue, It develops,manufactures, licenses, supportsand sells computer software,consumer electronics, personalcomputers, and related servicesA business software developeraimed at providing a data platformfor easy access and decisionmaking, specializing in businessintelligence tools and datavisualizationOracle is one of the world’s largestcorporations in the tech industry.The world’s largest online resourcefor family historyHeadquartered in Lehi, UtahHeadquartered in Provo, UtahAn online education companythat offers video training coursesfor software developers, ITadministrators, and creativeprofessionalsHeadquartered in Draper, UtahAn online survey, market research,and consumer and employerfeedback software developer.Headquartered in Provo, Utah &Seattle, WashingtonHeadquartered in Lehi, UtahDevelops Enterprise workmanagement softwareHeadquartered in Lehi, UtahThe 3rd largest manufacturer offlash memory including memorycards, USB flash drives and solidstate drives.Fortune 500 company thatprovides cyber-security softwareand servicesAcquired by Western Digital in2016 for 19 billionWHY UTAH?
SLC INTERNATIONALRendering of the new SLC International AirportSLC INTERNATIONAL CONNECTS UTAH TO THE WORLDLocated about 4 miles west of and 10 minutes from Downtown Salt LakeCity, Utah. The airport is the closest commercial airport for more than2.5 million people and is within a 30-minute drive of nearly 1.3 millionjobs.SLC International is currently constructing a completely new terminalcomplex, while the construction is on-going, the airport continues to function atpeak capacity. Construction on the 3 billion plus initiative began in July 2014 and isprojected to be complete by late 2020. Ten airlines and their affiliates serve SLC International: AeroMexico, AlaskaAirlines, American, Delta Air Lines, Frontier, JetBlue, KLM Royal Dutch Airlines,SkyWest, Southwest and United The airport served 24,199,351 passengers in 2017 SLC International ranks 23rd busiest in North America and 85th busiest airportin the world in terms of passenger numbers There are approximately 370 scheduled, commercial departures from SLCInternational each day, serving close to 98 cities with non-stop flights24OVERMILLIONPASSENGERSSERVED IN 201710AIRLINES &AFFILIATES370DAILYCOMMERCIALDEPARTURES21st largest employer inUtah by number of employees(2018)41st largest employer inUtah by number of employees(2018)46th largest employer inUtah by number of employees(2018)Salt Lake City is a major hubfor Delta Air Lines with about70 percent of total traffic atSLC International.Headquartered in St. George,Utah.Maintains corporate offices inCottonwood Heights, Utah.Delta is the world’s 2ndlargest airline by number ofpassengers.SkyWest is the largestregional airline in NorthAmerica by number ofpassengers.JetBlue serves 102destinations in the U.S.,Mexico, the Caribbean, CentralAmerica and South America.23rdBUSIEST AIRPORT INNORTH AMERICACOLLIERS INTERNATIONAL UTAH
INLAND PORTCOLLIERS INTERNATIONAL UTAHUTAH’S INLAND PORT WILL ACCELERATE COMMERCEAn inland port is a logistics and distribution hub that is located inland from coastal seaports. Salt Lake City isconsidered a premier location for an inland port because of the international airport, and the major interstatehighway and rail lines already crossing through the region.Business leaders have recognized thepossible impact of an inland port forUtah’s economy. Inland ports alleviatesome of the pressure on coastal ports byhandling that distribution workload.Similar ports have been established inKansas City, Missouri, Greenville, SouthCarolina, Tucson, Arizona as well as manyother places.SeattleGreat Falls5!Missoula5!5!Portland5 Helena!5!Billings5!5 Salem!5 Eugene!Idaho Falls5 Boise!5 Medford!5!5 Pocatello!5!Casper !5Twin FallsCheyenne5!Ogden!55 Salt!SaltLakeLakeCityCity5 Provo!Reno5!SacramentoBoulder !55 Denver!Colorado Springs5!5!Grand Junction5 Pueblo!5!5San Francisco!St George5!5Fresno!Las Vegas Salt Lake County has a logisticaladvantage of being close to everymajor western port and populationcenter, with current road and railinfrastructure already in-place Utah’s inland port will be adesignated foreign-trade zone5!Yakima Salt Lake City’s inland portdevelopment has been billed asthe state’s largest-ever economicdevelopment project The inland port is planned to be a20,000 acre import-export hub inSalt Lake City’s northwest quadrantSpokane5!Bakersfield5!5!Santa FeFlagstaff5!5!5!Albuquerque5 Los Angeles!PhoenixSan Diego5!5!Tucson5!0 35 70140210280350Miles5 Las Cruces!
324 South State StreetSalt Lake City, UtahAnnastasia Kaessner 1 801 441 5921annastasia.kaessner@colliers.comRusty Lugo 1 801 947 8377rusty.lugo@colliers.comColliers International111 Main Street Suite 2200Salt Lake City, UT 84111P: 1 801 947 8300COLLIERS INTERNATIONAL
#2utah named best state for business in 2018 2ranked nd best state for overall economy among the top states in the u.s. for job growth3.6% utah's job growth rate 2017-2018 the economic conditions in utah are great 15%about of utah residents speak a language other than english at home 120over languages spoken in utah 246more than thousand .
