Denver Downtown + Southeast Office MarketView Q2
CBRE has newly released two research reports, Denver Downtown Office MarketView Q2 2021 and Denver Southeast Office MarketView Q2 2021. Fundamentals in the downtown Denver office market exhibited slight improvement and office fundamentals in the Southeast submarket flattened as the COVID-19 pandemic endures. Downtown Summary: Negative net absorption of 157,830 sq. …
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 …
CBRE Denver Office MarketView Q2 : Leasing Activity Improves as Tenant Demand Picks Up
According to CBRE’s research report, Denver Office MarketView Q2 2021, the Denver office market exhibited encouraging fundamentals in Q2 2021, posting negative direct net absorption of 430,422 sq. ft. This marks the fifth straight quarter of negative absorption, although this figure has vastly improved upon last quarter’s negative 1.1 million sq. ft. absorbed. Class B …
CBRE Denver Industrial Marketview: More Than 1.2M sq. ft. of Positive Net Absorption Recorded in Q2
It’s no secret that Denver’s industrial market is booming. According to CBRE’s latest research report, Denver Industrial MarketView Q2 2021, metro Denver saw its 45th consecutive quarter of positive net absorption and development volume continued to reach new heights. Highlights: Over 1.2 million sq. ft. of positive net absorption was recorded in …
Denver-Boulder a Top Life Sciences Market
According to a new report from CBRE, life-science lab space has emerged as a coveted sector of commercial real estate as hefty increases in funding and employment have fueled both demand for lab space and new construction in leading U.S. life-science markets. Denver is the tenth-largest U.S. life sciences market in …
As Retail Rebounds Investor Confidence Returns
Retail, especially non-essentials goods and services, was hit hard during the pandemic, but with an increase in vaccinations and easing restrictions, retail is experiencing increased investor favor and returning to pre-pandemic levels. This is evidenced by a bounce-back in retail real estate transaction volumes. Additionally, the U.S. retail debt market remains …
Increased Demand for Industrial Space Driving up Rental Rates, CBRE Report
According to a new report from CBRE, tight vacancies and high demand are sparking bidding wars for industrial space across the U.S., driving both asking and taking rent growth to new highs. Asking rents increased a record 8.3% year-over-year in Q4 2020 and 7.1% in Q1 2021—well above the five-year …
Denver Construction Cost Increase Below National Average in Q2
According to Rider Levett Bucknall’s Q2 2021 construction cost report, national construction costs saw their biggest quarter-to-quarter increase in more than 20 years. National average construction costs increased approximately 4.35 percent between April 2020 and April 2021. Denver construction cost increase was recorded below the national average at 1.49 percent. With data …
Denver an Emerging Life Sciences Hub
Even when the global pandemic caused many office tenants to evaluate their future office requirements in 2020, there was almost no slowdown in the life sciences space. Lab, medical office and manufacturing space is rising rapidly, especially with the successful implementation of the new mRNA technology. Cushman & Wakefield has published …
2020 Emerges as a Top Year for Community Amenities
Renters’ needs have changed over the past 10 years, and even more so in 2020. People now want more outdoor living space, a working area, plus fitness centers. Community amenities have evolved in order to better support people’s lifestyles. Storage Café set out to identify where renters have the best …