Denver a Top “Sell” Market for Office Space
Ten-X Commercial, the nation’s leading transaction platform powering 90 percent of all online commercial real estate sales, just released its Summer 2019 Office Market Outlook which names Denver a top ‘Sell’ market. When compared to Nashville, Dallas, Austin, and Chicago – the four other top ‘Sell’ markets – Denver is expected to …
2019 is “The Year of the Food Hall”
At a time when headlines about the retail sector remain dominated by stories of closures and bankruptcies, food halls have emerged as one of the hottest growth trends — spurring real estate trade journal Globe Street to declare 2019 as “The Year of the Food Hall.” But what began as …
Rents Losing Steam, says Colorado Rent Report
With 2019’s rental season well underway, apartment prices across the country are starting to lose steam. In Colorado, only two out of the 22 cities analyzed (Parker and Colorado Springs) saw MoM growth of more than 1 percent, according to Rent Café’s National Rent Report. Key takeaways: The national average rent …
Absorption Totals Outpace Construction; Tight Labor Market Supports Workforce Housing
Multifamily demand remains strong despite tightened mortgage rates, according to Marcus & Millichap’s 3Q19 Multifamily Market Report. The Denver metro has one of the nation’s 10 largest affordability gaps between renting and owning, persuading many to choose apartment living rather than homeownership. There is an $880 difference between the average effective rental payment and …
Denver Industrial Market Sees Strong Development Growth
Denver continues to see fantastic industrial growth and development as more than 900,000 square feet of construction has delivered in 12 of the last 13 quarters, a period during which nearly 17.6 MSF has delivered. That’s according to Cushman & Wakefield’s newly released Industrial Research Report. Additionally, The Mile High …
Denver No.8 for Tech Talent
Denver’s tech community continues to grow. The Mile High City is now the eighth-best market for tech talent according to CBRE’s Tech Talent Scorecard, part of its annual Scoring Tech Talent Report, which ranks 50 U.S. and Canadian markets according to their ability to attract and grow tech talent. The Denver/Boulder region added …
Crane Count in Denver Remains Steady
International property and construction consultancy firm Rider Levett Bucknall (RLB) has released its latest Crane Index and Quarterly Cost Report (QCR) for North America. With data current to April 1, 2019 and featuring construction cost information for 14 U.S. and Canadian markets, the QCR provides a statistical view of the …
The Denver Neighborhoods with the Highest Rent Increases
The latest report from Rent.com indicates which Denver neighborhoods have the highest monthly rent increases. Statistics include the average monthly rent for a one bedroom in that neighborhood compared to the overall average for Denver, which is currently $1203. The study reviewed all neighborhoods in Denver with sufficient available inventory on …
Urban Core at Forefront of Healthy Office Market; Vacancy Scheduled for Steep Drop
According to Marcus & Millichap’s Q2 Denver Office Report, downtown Denver is becoming more attractive to Fortune 500 companies. As more high-profile businesses establish themselves in the Mile High City, the Denver office market continues to gain prominence. Luxury office space is being developed at a record pace, illustrating the …
Highest Rents Recorded in Boulder and Fastest Rent Growth in Greeley
RENTCafé.com, a nationwide apartment search website and a part of Yardi, recently released its monthly rent report with data compiled from actual rents charged in the 260 largest U.S. cities. Here are the highlights for the state of Colorado: Slightly above the national average of $1,442, rents in Denver reached $1,633 this …