Colorado Leads the West for Commercial Bankruptcy Filings
According to the Denver Post, a report from Resolute Commercial Services finds that Colorado leads other states in the Mountain West for the most medium sized company bankruptcy filings. Across nine states, Resolute counted 60 business bankruptcies by firms with $1 million or more in liabilities. 28 percent were in Colorado. Businesses in the real estate …
Denver Renters Rebounding While Concessions Remain High
New data shows a record number of Denver renters are searching for a new place to live on Apartments.com — the leading online apartment listing site with nearly 14,615 apartments listed in the Denver area. Prospective renters are enthusiastic about the market, searching for cheaper rents, taking advantage of increased concessions, and looking for properties with more space. …
Denver’s Tech Industry Proves Resilient During Pandemic
According to CBRE’s annual Tech-30 report, tech remains the strongest driver of office-leasing activity in Denver, propelled by robust high-tech job growth and moderate office rent growth, compared to other leading tech hubs. The Tech-30 report measures the industry’s impact on office demand and rents in the 30 leading tech markets in the …
Boulder Switches to a Renter Majority Market; Denver Still Favors Homeownership
The past decade witnessed a shift in the apartment market. According to a new RentCafé study, renting entered a downward trend in the latter half, going from 111 million renters mid-decade to 107 million by 2019. Despite this shift, 23 large and mid-sized cities transitioned to a renter majority, while …
Saunders Publishes 10th Consecutive Corporate Social Responsibility Report
Saunders Construction is celebrating the 10th anniversary of its Corporate Social Responsibility (CSR) Report. Started in Fall 2009 by an eager group of Saunders employees who also started the Green Committee, Saunders’ first annual CSR Report was published in 2010. This committee was charged with researching and implementing a comprehensive CSR program, …
One Bedroom in Denver Sees 12.5% Y/Y Rent Decrease
According to Zumper’s November rent report, 13 out of 100 cities recorded record-breaking yearly decreases in one bedroom median last month, since Zumper started tracking median prices in 2015. The national one bedroom median rent decreased 0.5 percent last month to $1225. By comparison, in Denver, the average one bedroom rent decreased 12.5 …
Denver Industrial Market Proves Resilient in Q3 While Office Activity Remains on Hold
CBRE just released its Q3 reports for metro Denver’s office and industrial sectors. While the Denver office market continues to feel the impact of the pandemic, Denver’s industrial market has proven itself resilient during uncertain times. “Office activity remained largely on hold in the third quarter of the year as companies …
79.4 Percent of Apartment Households Paid Rent as of October 6
The National Multifamily Housing Council (NMHC) Rent Payment Tracker found 79.4 percent of apartment households made a full or partial rent payment by October 6 in its national survey of 11.4 million units. This is unchanged from the share who paid rent through October 6, 2019 and compares to 76.4 …
Denver Sees Decrease in Number of Cranes and Increase in Construction Costs in Q3
Denver’s construction slowed in the third quarter and construction costs increased, according to international property and construction consultancy firm Rider Levett Bucknall (RLB). The firm’s latest Crane Index and Quarterly Cost Report provide an insightful look at the North American construction industry in 14 key markets. According to the report, there was a …
Denver Sees Second-Most Data Center Leasing Among Secondary Markets in First Half of 2020
An increase in remote working and content streaming due to the COVID-19 pandemic has reinforced the importance of data center reliability. According to CBRE’s latest North American Data Center Trends Report, Denver saw the second-most data center leasing activity among secondary markets in the first half of 2020. Denver recorded 2.9 megawatts (MW) of …