February 10, 2016 Real Estate News

The Wyoming Business Report‘s February edition includes their “Business Report List” ranking of Commercial Real Estate Brokerage Firms. Jackson Hole Sotheby’s International Realty ranked fourth in the state for sales volume of commercial listings in 2015— higher than any other firm in western Wyoming.


COMMERCIAL REAL ESTATE SUPPLY FACES SETBACKS
Town poised to reduce levels in response to housing pressure

by Darren Kleiman, Associate Broker

The pulse of the commercial real estate market in Jackson Hole continued with a strong pace over the past 12 months. As reported by the Teton County Multiple Listing Service, commercial sales activity saw an increase in unit sales (non-lease) volume of nearly 40% in 2015 over activity in 2014, with the majority of the increase attributed to a surge in lodging and light industrial. Truly notable sales of 2015 reported to the MLS were the properties consisting of the Anvil and El Rancho Motels/Nani’s Restaurant package, listed for $8,675,000 which closed in November, and the United States Forest Service Parcel, listed for $12,000,000 which sold in October…..

 

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