[Ironweed]

[QUOTE=Makid;8279427]"Because CCR/PRI have deeper pockets, they are able to self fund their projects. They also don't want to be the only developer in town for big projects.

This is a catch-22 in the market because pre-leasing doesn't really happen in the market the same that it may happen in other markets. This means that it is harder for a developer to hit 30-50% pre-lease before a bank will provide a loan to allow construction to start on a given project.

This is one reason why the suburban market has so much commercial space compared to downtown. Loans are easier and developers can self fund easier as well."



Makid, I'm a little dense. Are you saying that the LDS church development arm is the reason SLC is squat? They pick and choose who they want as tenants creating a lack of competition?

The church doesn't build, so that forces developers to go to the suburbs?

Help me out with this please.