HAPPY THANKSGIVING EVERYBODY!

As your friends and family gather around for Thanksgiving dinner, think of all the wonderful time you have spent together. Count your blessings, as you have the gift of love and companionship. Share happy thoughts, optimistic plans, and dreams with your family.

The tradition of Thanksgiving dinner teaches us to appreciate the finer things in life. If you want this tradition to continue, you must invest positive energy into the Thanksgiving dinner, and make it a joyous affair. Let your enthusiasm and energy revitalize everyone. Prepare a great Thanksgiving toast and inspire others with your positive words. Make this your best Thanksgiving dinner.

Here are some Thanksgiving Quotes to help you make this a memorable Thanksgiving:

• Henry Clay
  "Courtesies of a small and trivial character are the ones, which strike deepest in the grateful and appreciating heart."
• Johann Wolfgang von Goethe
  "If we meet someone who owes us thanks, we right away remember that. But how often do we meet someone to whom we owe thanks without remembering that?"
• W. T. Purkiser
  "Not what we say about our blessings, but how we use them, is the true measure of our thanksgiving."
• Charles Spurgeon
  "Before you go out into the world, wash your face in the clear crystal of praise. Bury each yesterday in the fine linen and spices of thankfulness."

Congratulations on 20 Years Michael!

We gathered for lunch today with the IPG team and a few friends to celebrate Michael’s 20th year in the business. There were great toasts and some fantastic roasts shared about Michael and everyone acknowledged the lasting impact Michael has had on their individual lives and the Utah Commercial Real Estate marketplace. Congratulations, Michael! 

Salt Lake City – 69 Square Feet of Warehouse per Person

Salt Lake has long been known for its nickname as the “Crossroads of the West.” This title was true in the days of wagon trails and remains true in the transportation needs of today.  In studying the “Path of Goods Movement” Dr. Glenn Mueller of the University of Denver has analyzed the warehouse demand throughout cities across the U.S. to identify the best locations for warehouse distribution centers. The national average of warehouse square feet per person is now 54, increasing up from 37 back in 1981. The study determines that those cities with an average above 50 square feet per person are located on the Path of Goods Movement and are national warehouse markets.  At 69 square feet per person, Salt Lake City continues to be located on the major pathway for goods as both truck and train travel through on their way to other markets.  Dr. Mueller concludes that “National warehouse markets are more stable as they have grown faster and have had consistently higher occupancies than local warehouse markets – as they are on the Path of Goods Movement and thus a good place to focus real estate investments. “   Link to the full paper

Holy Boatload Batman!

Michael visited the port of Long Beach this past week. He learned that the Union crane operators earn $250,000 per year for working 3 days a week.

With over 6,000,000 containers per year, I wonder how much that works out to per container?

Where in the world did THAT come from?

Have you ever wondered where the shirt you’re wearing came from? Or the food you’re eating? Or maybe you’re curious to know the path that the new iPad mini will take before it arrives in your hands. It turns out that regardless of where you live in the USA there is a good chance your goods arrived first on the west coast and a very good chance those goods made a stop at a distribution warehouse in Utah. Take a look at the “Path of Goods Map” below that was published in a white paper by Dividend Capital Research and Dividend Capital Securities under the pen of Dr Glenn R. Mueller. The map will give you an idea why commercial real estate in Utah, and especially distribution warehousing in Utah, is a really good bet. If you need distribution space or would like to invest in a tenant occupied distribution center, give us a call, we’d love to show you around the market.