Denver Rents Spike as Vacancy Dips to Lowest Point Since 2015

According to Northmarq’s Q3 Multifamily Market Report, the Denver multifamily market is benefitting from a rapid rebound in the local economy with vacancies tightening, rent growth spiking, and absorption levels remaining high. Unprecedented renter demand in Denver in recent quarters has fueled significant rent growth in the last six months. Absorption …


North American Sublease Inventory Falls for the First Time Since the Pandemic Began

Sublease space fell in more than 50 percent of the 91 markets tracked  New research reveals that for the first time since Q3 2019, the amount of sublease space available in North American markets has declined, according to a report released by Cushman & Wakefield (NYSE: CWK), a leading global real estate services firm.  North …


Big Tech Commits to Office, Report Says

CommercialEdge just released its October national office report, analyzing the U.S. office market’s performance through September 2021. While there has been plenty of uncertainty around how remote work will continue in the post-pandemic world, tech giants have signaled that offices will play a significant role in their future through the purchase, construction …


Newly Opened Mixed-Use Development in Denver’s Art District Secures $30M Bridge Loan

Today, Trez Capital announced the closing of a bridge loan in excess of $30 million to Denver-based CRE Development Investments, led by Leon Cisneros, for the lease-up and stabilization of Art District Flats, a new mixed-use development with 126 units and 6,400 square feet of ground-floor retail in Denver’s popular Art …

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High Quality Office Assets Driving Up Rates in Denver

CommercialEdge just released its September national office report, analyzing the U.S. office market’s performance through August 2021. Average listing rates often reflect the quality of assets being offered in the market rather than underlying fundamentals. A case in point is Denver, where rates have increased 3.3 percent over the last year …


Cap Rates to Remain Stable Across Property Types Through Year-End

A new CBRE survey finds that more than two-thirds of real estate investors exhibited increased risk appetite in H1 2021. Investors now broadly expect cap rates to remain stable or compress across most property types through the end of the year.  Capitalization rates—usually called cap rates—measure a property’s value by …


T-Mobile Expands at Denver’s Broadway Station

Encouraging news for Denver’s office market today: EverWest Real Estate Investors and Independencia Asset Management have signed a 78,336-square-foot, 10-year lease with T-Mobile at its well-known Broadway Station office campus. Under the lease, which represents one of the larger long-term local office market leases completed during the pandemic, T-Mobile will expand into two full …


California Company Activates Four Iconic Denver Properties

Non Plus Ultra — a San Fransisco-based company that activates otherwise inactive spaces and gives communities new ways to experience landmark buildings — is entering the metro Denver market with leases to four iconic properties: the Denver Sports Castle, Denver Rock Drill, the former Denver Post Printing Plant and ReelWorks Denver. …


Denver’s Renter Activity Jumps 33%

The 2021 rental season kicked off with a bang, as apartment dwellers across the country rushed to move in the first half of the year, pushing rental applications back to their pre-pandemic level. According to RENTCafé’s latest report, overall renting activity went up by 13% nationwide compared to the first half …


CREW Denver Holds Mid-Year Economic Forecast

On July 14 CREW Denver held its Mid-Year Economic Forecast and happy hour at the University of Denver Knoebel Events Center. Patty Silverstein, president and chief economist of Developmental Research Partners, gave her economic forecast for 2021 which included trends in the commercial real estate and construction industry. Silverstein shared a …