Denver Law Firms Adopting More Efficient Space Strategies
DENVER – Law firms in Denver are shedding surplus space, increasing efficiency and migrating across downtown, according to CBRE’s 2018 North American Legal Sector Trends Report. Denver recorded 283,848 square feet of law firm space transactions from Q3 2017 through Q2 2018. Of these transactions, 47.2 percent were contractions, 28.6 percent were expansions, 20.2 …
Cushman & Wakefield’s Latest Blockchain Report Shares Insight on Implications for Real Estate Industry
Cushman & Wakefield has released insights on how blockchain, the $945 million-dollar technology underlying cryptocurrencies, will impact the commercial real estate sector around the globe. Cushman & Wakefield’s latest research, Blockchain, Bitcoin and Real Estate – Part 2 of the Tech Disruptor Series, takes a deeper dive into the industries …
Saunders Publishes 8th Consecutive CSR Report
ENGLEWOOD – Saunders Construction, Inc. recently published its eighth consecutive Corporate Social Responsibility (CSR) Report for 2017. This report stands as a testament to Saunders’ continued investment in aligning its economic, environmental and social goals, reaffirming the organization’s commitment to the betterment of standards within the industry and the footprint they leave …
Denver Benefits from Tech Firm Migration, says CBRE
DENVER – Technology companies based in the top four tech headquarters markets—the San Francisco Bay Area, Seattle, Boston and New York—are expanding into new markets, creating more demand for office space and driving office rent growth in the beneficiary markets, according to CBRE’s annual Tech-30 report, which measures the tech industry’s impact on the …
CRE 12-month Sentiment Highest Since 2016
The Fall 2018 reading of the NAIOP Sentiment Index registered at 0.66 – the highest posted since the survey began as respondents indicate that the fundamentals underpinning commercial real estate will be stronger in 12 months than they are today. The survey is a composite of nine survey questions that …
Metro Denver Apartment Rents Down in Q3
DENVER — According to a report published this week by the Apartment Association of Metro Denver, average rents in Denver fell by $19 per month in the third quarter of 2018, continuing a three-year trend in rent decreases during the third quarter. Vacancy rates in metro Denver also fell slightly. “Average …
Denver Coworking Trend Projected to Continue in 2019
DENVER – It’s no secret that Denver coworking space is experiencing explosive growth and Cushman & Wakefield’s Q3 Co-Working Report suggests that the Mile High City can expect the trend to continue in 2019. According to the report, at the beginning of 2015, there was only 21,381 square feet of coworking …
Northern Colorado’s Retail Development on the Rise
FORT COLLINS — Rising lease rates was a common theme across all of Northern Colorado’s commercial real estate sectors, according to CBRE’s newly released first half of 2018 MarketView reports. But while construction is limited in office and industrial, new retail development is actually on the rise, reaching nearly 675,000 square feet underway …
Denver Well-Positioned for Industrial Labor Supply, Quality and Cost
DENVER – A new report from CBRE examines how the industrial sector is tackling labor shortages in response to the growth of e-commerce. The CBRE research team analyzed major, regional and emerging industrial hubs to identify some of the metro areas offering a good combination of labor supply, quality and cost, and …
Denver Office Market Absorption Slows, Says Savills Studley
DENVER — Savills Studley, the leading global commercial real estate services firm specializing in tenant representation, has released its 2018 Q3 Denver edition of the Savills Studley Office Market Report. The quarterly report is an in-depth compilation of office leasing statistics and trends, major transactions, submarket comparisons, employment data, and …