Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1909-12-18
ten fold-a growth which ho

luly increasing pOpulauOn ana lHt uS-
velopmcnt OF contributory country. In
the development OF every city certain
natural laws are recognized by capi~
talists. investors ard hnanciers the
world over \ glance backward over
a score of years shows that these
axIoms have followed in the upbuildlns
OF Salt lake city 10 where It stands
Today
During these years the population has
Increased three times and slmultan-
eously the country surrounding Salt
Lake has been filling up. This inflow of
population has gone into the rich agri-
cultural and mining districts within
r.dus of a hundred miles. Salt Lake
has been stimulated By this develop
lnent and increasing wcaith,s having
the same effect upon it as accelerated
motion. until now it is developing in
leaps and bounds. The raDidity with
whlch blocks have been laid out and
buit up In the last few years Is amaz-
inc. There have been whispers of
beom-a boom which leaves in its wake
n slump. But the optimistic policy OF
upholding the great present and pros
pectiVe values of property is not one of
speculation. the real estate dealers say.
but Il look into the future Of the hub
of i great country where commerce and
trade viii center at its doors.
In these years only the expected has
happened business men and investors
say. A Foundation OF a magnificent me-
tropois was laid years ago by the pio-
ncers and the fruits of their judgment
IS now being reaped by the healthy and
steady growth of Salt Lake. The des-
tiny of Salt Lake cannot be mistaken.
For within the last two years more
than Sll ,0OO 900 has been expended In
the construction OF buildings in the
business district and S2.00o,00O In resi-
dences. There is an opportunity here
for expansion and 1t is coming rapidly.
NEW BOUNDARIES.
New outposts have been established
in the business district in tho last year
and various enterprises have been as
serting their influence to draw business
in this direction and that direction. A
birds eye view OF the business district
shows the union depot in the northwest
corner, the Utah hotel building site and
z. C. NJ. I. addition in the northeast
corner, the Lynch building, at Second
South and Second East IN the cast. the
Moxum hotel, at Fourth South and
stnte streets. in the southeast corner,
ha
the BIO Grande Western depot In the
southwest corner and = row OF 10 COM
mission houses on the west.
Within this area. business activity is
at its height. On every block small
buildings are being supplanted by sub
stantial and graceful structures. In a
few years. It is safe to say that these
blocks will be congested with business
houses. because trade follows the lines
OF least resistance.
It is predicted by many real estate
men that the district center viii not be
radically changed but gradually rear
range itself The warehouses will no
doubt be ultimately reassembled in
well defined district between the two
great depots, extending from Sixth
West to Third West streets. where
trackage proiorty can be obtained.
The commission houses and wholesale
houses will probably find permanent
home on Second West, First West and
West Temple streets. lying between
South Temple and Third South streets.
The retail district will no doubt princi-
rally remain on Main street. State
street and the cross streets. as far
south as Third South street
HOW ESTIMATES ARE MADE.
In figuring out the comparative value
OF real property in business districts.
experts say that 1t depends upon the
number OF people who pass the property
during business hours and the section
OF the city from which it draws. 1t Is
found that shoppers fix their mind on
central shopping district which nat
urally becomes the center Of observa-
tion.
Where this property is. the greatest
values are found and the highest rents
are paid II becomes the main artery
into which the principal streets from
the resident districts converge When
rent becomes excessive for the amount
OF business that can be done on Il basis
OF population. the business district
stretches out In all directions. the
smaller enterprises moving out farther
Into the district and the larger ones
taking their places In the centrally To-
eatezi blocks.
According 10 real estate dealers and
business men that Is Just what Is hap
pening I'm Salt Lake now. The present
district has become too congested for
the amount II business according TO the
population and 1t Is seeking Il larger.
territory to operate in.
RENTALS PER SQUARE FOOT.
1t is figured out that the rental value
OF square foot on the ground floor of
so-story skyscrapcr in New York's
business center is s6.s5 year. exclusive
OF operating expenses. For the second
floor net income of s537 and above
;aat a general average of $3.50 a square
root Is struck OF as the rental Seattle
winch is three or four times as large as
Salt Lake is the only city In the
west where this information has bcen
tabulated. A corner on Second avenue
improved with a flrcproof concrete
structure brings a ground floor rental
OF sos square foot the second floor
and above an average of $l.T1 a square
foot
In Salt Lake city. the ground floor of
nj -. ~.