Announcements
- Daily Road Closures
- Energy Conservation
- 2010 recycle collection calendar
- City Council Meetings on KUTATV
- City Financial Reports
- Landlord Licensing Ordinance
- Business License Fee List
- Police Media Relations
- Proposed Asessment Area Designation for Downtown Logan
Facts and Figures
COMMERCIAL PROPERTY PROFILE
Market Report 2007
Retail:
Rental Rates: From $12.00 to $25.00 PSF (Net)
Vacancy: 5% to 7%
Cap Rates: 7.5% to 9.0%
Land Values: $10.00 to $30.00 PSF
Outlook for 2008: continued growth on Logan’s south end,
with new Wal-Mart, conference center and Marriott hotel.
Office:
Rental Rates: From $9.00 to $14.50 PSF (Net)
Vacancy: 15% to 20%
Cap Rates: 7.75% to 9.5%
Land Values: $5.00 to $15.00 PSF
Outlook for 2008: The office market has been soft with
increased vacancy caused mostly by new construction
inventory.
Industrial:
Rental Rates: From $3.50 to $10.00 PSF
Vacancy: 5% to 10%
Cap Rates: 8.0% to 9.5%
Land Values: $1.25 to $5.00 PSF
Outlook for 2008: This market has been stable and
appears to be at equilibrium.
Multi-family rental rates:
Studio: $150 to $300
1BD/1BTH: $250 to $375
2BD/1BTH: $400 to $525
2BD/2BTH: $525 to $625
3BD/2BTH: $550 to $750
Outlook for 2008: Vacancy rates have decreased from
12% to 15% in 2006 to 5% to 7% by year-end 2007.
Note: Characterizations of property types are descriptive in nature
and are provided solely for general informational use.
Source: Tom Singleton, Singleton & Company (435)752-7290
TRANSPORTATION
Logan-Cache Airport Information:
Runway Length: 9,100 feet(proposed for Spring)
Surface: 3 in. Asphalt, 1 in. PFC
Fuel: Jet and 100 Octane
ILS Approach? No
Runways Lightened? Yes
Ground Service? Yes
Rotating Light/Beacon? Yes
Navigation Aids: VOR/DME 109.8
Communications: UNICOM 122.8
Weather Reporting: ASOS 135.275
Distance to Salt Internationa: 75 air miles
Salt Lake International Airport:
Salt Lake International Airport makes Cache Valley 90 minutes from access to any major city in the United States. The Salt Lake International Airport is a Delta Airlines hub. The Logan/Cache Airport, bordering the Logan Industrial Quadrangle, is an excellent corporate airport. It has good maintenance facilities, no congestion or delays, and easy access. Nine major airlines including America West, Continental, Delta, Eastern, Northwest, Pan American, Trans world, and serves Utah with an average of 300 flights to 100 cities each day. Salt Lake City full-service customs port city. Salt Lake is one of only 26 cities in the United Sates that has a Foreign Trade Zone. Located immediately west of the Salt Lake International Airport, its 96,000 square feet of warehousing space have been provided for storage and distribution of foreign goods. The Foreign Trade Zone encourages firms to use Utah as warehousing and distribution point since duties may be deferred or reduced.
Flight Time to Selected Cities:
| City | Flight Time |
| Albuquerque | 1.5 |
| Atlanta | 4 |
| Boston | 4.5 |
| Chicago | 3 |
| Dallas | 2.5 |
| Denver | 1 |
| Houston | 2.5 |
| Los Angeles | 1.5 |
| Minneapolis | 3 |
| New York | 4.5 |
| Phoenix | 1.5 |
| Portland | 1.5 |
| San Diego | 1.5 |
| San Francisco | 1.5 |
| Seattle/Tacoma | 2 |
| Washington, D.C. | 4.5 |
Railroad - Local Mainline Services:
Union Pacific Railroad: 5 days per week - year round.
Major Highways:
Cache Valley lies at the junction of U.S. Highway 89/91 and Utah Highway 30, both with access to U.S. Interstates 15 and 80.
Approximate Highway Distance from Logan:
| Denver, CO | 515 mi. |
| Salt Lake City, UT | 81 mi. |
| Las Vegas, NV | 530 mi. |
| San Francisco | 835 mi. |
| Seattle, WA | 709 mi. |
| Los Angeles, CA | 815 mi. |
Source: Rand McNally Road Atlas
