It is now time to experience the joy of tote pump the Agora Frog way. We see these pumps all the time but do we really take the time to experience the joy that is inherent in them? The answer to this question for most people is probably an emphatic “no”. But perhaps for some other group of people the answer might be an emphatic “yes”. Regardless of what the answer to this particular question might be for each individual person the main point that we are trying to make through this blog post is that joy should be experienced.
If you do not experience this particular type of joy you cannot fully live a real and authentic life. The reason that we make this rather bold proclamation is that we have experienced both forms of life and are therefore in a position to evaluate between the two. Quite simply, life without a tote pump just does not rise to the level of quality that the life with a tote pump actually is. And we all are so very well aware of the fact that Agora Frog readers are in the market for a high quality of life.
High quality of life is indeed the very reason that the Agora Frog has come into existence. It is for this reason that we must post this particular blog post. In fact, if you read only one post on this blog it behooves you (gentle reader) to read this post. At this point we must congratulate you because if you are reading this very sentence then you in all likelihood have read the rest of the blog post that precedes it. So we say again to you, congratulations and bravo. No go off and get yourself a tote pump!
The number of real estate investors world wide has been steadily increasing since the 1980s. As a place to park investment funds, real estate currently represents over nine percent of the portfolios for institutional investors. An “institutional investor” is simply an entity which pools assets for the purpose of investing in various business opportunities. Typical institutional investors can be banks, insurance companies and pension funds for example.
In the United States, real estate generates 13 percent of the gross domestic product on an annual basis. There are many factors that make real estate an attractive investment opportunity. Generally, the value of real estate does not track along side other assets. Because of this, real estate gives investment portfolios some degree ofstability during volatile market cycles. Real estate also tends to retain its value overtime which makes it a strong hedge against inflation. Moreover, real estate can generate income on its own.
In recent years there has been a large influx of money into the commercial real estate market. Part of the reason for this is the low interests rates ever since the Great Recession in 2008. Another reason accounting for the increase of available investment cash is the volatility in the equity markets. Because of these factors, demand for investment in real estate has increased. This in turn has caused prices to rise dramatically. For this reason commercial real estate prices in Park City and in the United States as a whole have grown faster in proportion to the gross domestic product after the recession ended.
There is a fear that high demand spurred by low interest rates may encourage investors to take on more risk then they can handle. This is the type of situations where economic bubbles occur. The fear is that the bubble may pop once the Federal Reserve decides to raise interest rates.
Like the Salt Lake City and the Park City, the trend of commercial real estate in Heber City is also upwards. New industrial buildings and offices are being constructed. Many real estate experts believe that e-commerce have contributed a lot to this growth.
E-commerce has created demand for industrial buildings and warehouses that are on the backend. People’s habit has changed. They now have become more inclined to online shopping. Those who couldn’t invest in business because of the capital required now opens up an online shop simply with a click for its minimum cost.
So, now there are more business people on the retail market. Though the products are sold online, a place is required to keep the physical product. That’s why rentals of retail space have also increased.
Like the Salt Lake City and Park City, Heber city offers lots of recreational activities. So, it is also a hot spot for vacationers, initiating construction of more new hotels and resorts. Whether you are on a skiing adventure or have come for a holiday with your family, you need to find an accommodation.
The rental prices are high for hotel space due to its huge demand. Job market in Heber is also increasing; as a result, demand for office space is increasing and so is the rental price. The growth of the commercial real estate in Heber city has contributed hugely in the overall growth of commercial real estate in Utah.
The commercial real estate market is growing in Park City, especially the hotel sector. During the skiing season, the demand for hotels and resorts increases. Many new hotels and resorts are being constructed recently.
The steering is on the supplier’s hand, as a result price of these commercial spaces are not dropping. Actually the growth in the hotel sector started before the Winter Olympic that was held in 2012. With so many people rushing in from different parts of the world, the hotel sector had experienced tremendous growth unlike the previous years.
There were the participants and spectators trying to find a place to stay in order to enjoy the huge event. There wasn’t a single hotel or resort left that was unoccupied. The Winter Olympic, in fact, boosted the whole tourism of Park City which is why this sector still continues to grow today.
The growth of the office sector is also worth noticing. New offices are being constructed with all modern facilities. People continue to rent these places even though the rate is high. The retail sector has also seen enormous growth, especially because of the Winter Olympic.
Many shops have started doing business and so have rented space even at a higher rate. People are finding apartments a better choice than single houses. So, renting spaces for apartments are also high on demand. Apartments provide all the modern facilities including state-of-the-art technology for security systems such as CCTVs and intercom; latest fittings on bathroom, mostly fully furnished and other features that will pamper the customers.
Significant growth has been observed in the commercial real estate in Salt Lake City.
The office sector in Salt Lake City has experienced considerable growth in the recent years. According to a research conducted recently, the rents of offices were more than the national average. The national average of office rental space is $24.96 for every square foot of space of categories class A and class B; whereas, in Salk Lake City it is $28.66. Class A office space is the best among all and so the rent is also higher. It has excellent infrastructure, latest technology, elevator and high tech modern security systems. The rental rates of these spaces are increasing day by day.
The apartment sector of Salt Lake City is also expanding. There is high demand for apartments and so new constructions are taking place in order to meet demand. More than 6,000 units are under construction or in the proposal state.
The retail sector is stable now. Volume of retail transaction is growing. Some small retails are still struggling though. New projects are coming in due to the increase in grocery customers.
New industrial construction is improving. Demand for hotel space is also on the rise.
Even though all the sectors are indicating positive trends, investors must be careful in case the market changes unexpectedly. Investing in commercial real estate is a long term investment. So, investors must be cautious before entering any new venture.