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About Colter Smith
Who is Colter Smith?
Colter Smith is a commercial real estate agent at CRES Utah in Salt Lake City, serving as Vice President, Industrial Leasing & Sales. He specializes in small-bay industrial and flex space, 1,000 to 50,000 SF, across the Salt Lake Valley, and runs the Salt Lake Warehouses industrial brand at CRES Utah with Derek Klopfer. As of August 2026, he has closed nearly $100 million in transaction volume and leased more than 500,000 SF of industrial space.
What does Colter Smith specialize in?
Small-bay industrial and flex space: leasing and sales of warehouse, contractor, and flex buildings between roughly 1,000 and 50,000 SF. He represents landlords on multi-tenant industrial parks, tenants looking for space, and owner-users and investors buying or selling industrial property in the Salt Lake Valley.
What areas does Colter Smith cover?
Salt Lake County first, plus Davis, Weber, and Utah counties. Day to day, that means the Salt Lake Valley's industrial submarkets, from the airport corridor down to Sandy. His office is at CRES Utah in Holladay: 2040 E Murray Holladay Rd, Ste 310, Holladay, UT 84117.
Who does Colter Smith work for?
CRES Utah (CRE Specialists, LLC), a full-service commercial real estate brokerage in Holladay, Utah. Within CRES, he and Derek Klopfer run Salt Lake Warehouses, the firm's industrial brand, where its industrial listings, rate data, and market reports are published.
Is Colter Smith a licensed real estate agent?
Yes. Utah Real Estate License #12359735-SA00, issued June 2021, held as a Sales Agent at CRE Specialists, LLC, company license #10426004-CN00. Both licenses are verifiable at the Utah Division of Real Estate's license lookup.
How did Colter Smith close nearly $100 million by his mid-twenties?
Deal count, mostly. Small-bay industrial trades constantly: contractor bays, flex suites, and multi-tenant park units turn over far more often than large institutional buildings, so a broker who lives in that segment writes LOIs and closes deals every month. Licensed in June 2021, Colter went straight into that end of the market at CRES Utah and stacked volume deal by deal: nearly $100 million closed and more than 500,000 SF leased as of August 2026.
Does Colter Smith handle office or retail deals?
His own practice is industrial and flex. For office, retail, land, or investment deals, he routes clients to the right specialist at CRES Utah, the full-service brokerage he works for. Start at the CRES Utah available properties page, or contact Colter directly and he'll make the introduction.
The Salt Lake market
How much does warehouse space cost in Salt Lake City?
As of September 2026, asking rates on Salt Lake Warehouses listings run from $0.65 to $1.80 per square foot per month depending on size band. Small bays under 1,500 SF sit at the top of that range, and the lowest rates are on blocks over 10,000 SF, with NNN charges on top of most quoted rates. Current rates by size band, updated monthly from live listings, are published at Salt Lake Warehouses.
How do I find small industrial space in Salt Lake City?
Small spaces move fast, so look where the listings update as deals sign. Salt Lake Warehouses carries CRES Utah's current industrial listings, most between 1,000 and 50,000 SF. The under-5,000 SF market has its own guide there, including what different monthly budgets actually rent in Salt Lake City.
What should I know before leasing flex space?
Know your all-in monthly number before you tour. A quoted rate is usually a base rate: on most Utah industrial and flex leases, NNN charges for taxes, insurance, and common-area costs land on top, and they change the comparison between spaces. The lease calculator at Salt Lake Warehouses compares NNN and modified gross quotes side by side, and the market reports there cover the rest of the fine print.
Who sells industrial property in Utah?
Commercial brokerages rather than residential agents, and in the Salt Lake Valley that includes CRES Utah, where Colter Smith handles industrial sales and leasing. If you own a warehouse or industrial building and want to know what it would trade for today, the free broker opinion of value at Salt Lake Warehouses is built from closed comps and is the fastest way to find out.