Boyer Company has over 51 years of experience and is one of the largest development firms in the Western United States. Boyer Company is also one of the leading commercial developers in Provo, Utah. As Provo commercial real estate development expands, Boyer continues to play an integral part in this growth. Boyer has an extensive list of completed and ongoing commercial real estate projects in the Provo area that extends north to Silicon Slopes and Salt Lake County and south as far as Arizona.
Full-Service Real Estate Developer
As a full-service developer, Boyer Company is a leader in commercial development and real estate in Provo. Boyer offers skilled expertise beginning with the design process and continuing throughout financing, permitting, construction, and completion. Boyer’s services include:
- Large land transactions
- Financial partnering
- Project design
- Permit acquisition
- Construction management
Boyer has extensive knowledge in all real estate sectors. Working with Boyer’s licensed real estate developers will give you better insight and experience in every sector, including industrial, office, retail, institutional, government, medical, school, and mixed-use development. Our specialized experience in your project allows you to realize your commercial real estate portfolio in Provo and beyond.
Provo’s Changing Commercial Real Estate Market
Provo’s commercial real estate development continues to expand at an exciting rate. Provo is one of the top commercial office markets in the nation. Its unique combination of affordable land, relocated business leaders, and an educated populace close to universities suggests that this growth will continue. According to the National Association of Realtors, Provo is a leader in real estate’s recovery following the pandemic slump.
Since the pandemic, office real estate specifically has generally declined, suggesting that market trends have shifted to more flexible working locations. Provo, however, is an exception. All other sectors continue to grow as well, and the housing market, in particular, has increased dramatically in Provo and all along the Wasatch front.
Boyer’s Commercial Real Estate Services in Provo, Utah
Provo City values the importance of economic development and is focused on continued growth and development that make the city an outstanding place to live and work. Provo City’s Steering Committee, headed with the task of preparing the city’s Vision 2030 document, recently published a list of core values both embraced by the Provo community and integral to the vision for the city’s future.
Listed among the eight values is “Business and Economic Vitality,” where it states that Provo City values:
- Diverse employment opportunities
- Role as a regional economic center
- Commitment to economic vitality, growth and development
- Strong entrepreneurial spirit
- Vibrant business districts
- Educated, skilled, and industrious workforce
- Commitment to ethical business standards
- Favorable and supportive business environment
In 2017, the city published a collaborative document with Brigham Young University and the community showcasing the city’s economic standing, culture, and lifestyle. This document stated that the real estate and rental leasing industry was projected to grow on average of 2% per year over the next ten years, with total growth demand estimated at 204%. Of the 20 industries listed, real estate was in the top ten.
The last economic strategic plan, completed, in 2013, listed target industries that Provo City would focus on over the next five years. These industries continue to play an essential part in Provo’s economy and growth and include:
- Consumer products, specifically nutraceuticals, outdoor recreational goods, and online consumer services
- Advanced manufacturing in aerospace components, clean energy, energy equipment and supplies, nanotechnology, and metal working and products
- Hospitality and tourism, in the form of outdoor recreation and sports, conventions, downtown and specialty retail, and culinary arts
- Life sciences, such as biotechnology, diagnostics, healthcare services, and medical device manufacturing
- Professional service, in the form of call centers, corporate headquarters, engineering services, finance and insurance, and geotechnical services
- Information technology, like data centers, digital media and creative design, and software and web applications.
Boyer Company’s extensive portfolio includes projects in these targeted industries in Utah and the midwest, particularly in hospitality and tourism, life sciences, professional services, and information technology. Boyer real estate has developed and continues to develop some of the largest real estate development projects in the state. Furthermore, Boyer’s focus on extreme quality, price sensitivity, incredible integrity, and needed flexibility aligns closely with Provo City’s values.
Provo, like many other cities, also has a Redevelopment Agency. Provo’s Redevelopment Agency is focused on revitalizing and developing areas in the city and can utilize Tax Increment Financing (TIF) to foster development and its long-term success. Boyer Company’s experienced staff are familiar with the city’s various departments, including the Redevelopment Agency, and know what is available and required for real estate projects to start successfully and follow through to a timely and outstanding completion.
Boyer Company is one of the leading Provo developers and considers itself an expert in Provo City commercial real estate development. They have a deeply-rooted history in the state of Utah that gives them insights into the commercial market. They pass along these insights and benefits to their clients, giving Boyer clients a unique advantage in Utah’s competitive market.
Commercial Real Estate Development in Provo, Utah, by The Boyer Company
Provo Regional Government Center
NuSkin International in Provo, Utah
FranklinCovey in Riverwoods Business Park, Provo, Utah
Meet our Commercial Real Estate Developers in Provo
Boyer is the leading commercial real estate development company in Utah. The Boyer team has the depth of experience and the relationships to meet and exceed the needs of any client. With decades of commercial real estate development experiences, Boyer’s talented team members also have the financial capabilities to make any project successful.
The executive team at Boyer Company is a powerhouse of experience, education, and expertise. The executive team comprises six individuals, including:
Frequently Asked Questions About Real Estate Development in Provo, Utah
Hiring a real estate developer in Utah County is highly beneficial to maximizing the return on your investment, especially since commercial construction projects involve hundreds of decisions every day. Real estate developers will shoulder the majority of the load by walking you through the development process. Whether it is navigating budgetary needs, acquiring permits and licenses, contracting vendors, or other day-to-day duties, real estate developers will be right by your side. You can also count on a real estate developer to advise you on land acquisition decisions if you are still in the purchasing phase. Developers will also help you mitigate costs by focusing on project design and managing construction. You can begin your search for a real estate development team by contacting the Boyer Company’s experienced developers. Our commercial real estate development services will help you get your project headed in the right direction. Learn more by calling us today.
Real estate developer requirements don’t include certification. However, commercial developers or self-employed developers can explore various licenses that may boost their qualifications. For example, the Realtors Land Institute’s Accredited Land Consultant (ALC) credential is a license offered within real estate development. Land developers can qualify by submitting several documentation pieces, including an active real estate license, institute membership for at least six months, and a minimum of three years of real estate experience in areas like real estate sales, brokerage, or development. Additionally, applicants must complete courses through Land University and pass an exam. Property developers must keep their membership active for it to remain valid. If you want to learn about property developers’ specific requirements in your area, contact the Boyer Company.
Many real estate development projects require financing from outside investors. If needed, a professional real estate developer can offset the stress of financing and help secure funding. A real estate developer should have many long-standing banking relationships and offer a vast real estate portfolio showing financial strength. The hired development firm should have an outstanding reputation and no history of defaulting on a project or lending obligation. Another role of a real estate developer is to offer their internal cash for project delivery costs incurred during the initial stages of project development, including design fees, site due diligence expenses, and project mobilization costs. The ability to invest additional equity as needed to facilitate financing terms is a plus. Banks should be familiar with the developer’s operations, development capability, and financial capacity. Once you receive funding, you will need to manage your project’s costs and expenses. You can also work with your real estate developer to create a plan that optimizes your budgetary needs. While the entire property development process, including financing, seems complex, having an experienced real estate developer can help you navigate the challenges ahead of you. Contact Boyer to learn more about our real estate services.
Real estate development is the handling of development and construction of land or property. These development projects involve acquiring property, designing construction plans, managing day-to-day activities, and navigating costs. Real estate companies provide services depending on the project needs, whether its contracting vendors, acquiring licensing, and permits, creating space design, securing financing, managing buildouts, securing leases etc… Property owners and investors may handle real estate development on their own. However, it is challenging and can quickly become time-consuming and expensive if you don’t have professional experience in the field. The real estate developers at Boyer can help you manage development by guiding you through the life of the project, including the acquisition, design, and construction phases. If you are interested in working with our qualified real estate developers in Utah, contact the Boyer Company today.
Real estate development involves making tangible improvements to a property that provides monetary value. The real estate development process ranges from land speculation and acquisition to new construction and tenant improvements. It is the developmental process by which land and property are visualized, designed, constructed, occupied, and sold. A real estate developer will provide management services that bring the entire development process together, whether it is hiring an architect or other vendor, establishing necessary licensing, and handling other day-to-day activities. Real estate development also involves navigating financial needs by focusing on project design and managing construction activities. You can begin your search for a real estate development team by contacting the Boyer Company in Utah. Our commercial real estate developers offer services that will maximize the potential of your project.