Construction Spending Rises in August (Wells Fargo Report)

The Economics Group of Wells Fargo Bank has released a new report on construction spending. Construction activity this year has been largely resilient to broader macroeconomic headwinds. Total outlays increased 0.5% in August, solidifying an eight-month streak of improvements in 2023 and amounting to a 7.4% year-over-year gain. Yet as …


Colorado Economy will Continue Modest Growth Through Early 2024

The Colorado Futures Center recently released the ColoradoCast for the third quarter of 2023, which shows the state’s economy continuing to grow modestly through the early part of 2024. The model continues to show the Colorado economy averting recession, sustaining a year-over-year annual rate growth of 1-2%. Of late, the …


International WELL Building Institute Releases Results of Lakehouse Case Study

The International WELL Building Institute (IWBI), the global authority for driving market transformation through healthy buildings, organizations and communities, recently released a case study focused on NAVA Real Estate Development’s (NAVA) Lakehouse, a for-sale mixed-use multifamily residential project in Denver. As one of the first multifamily residential projects in the …


Denver Ranks Second for CRE Distress Among Top 20 US Metro Cities (KBRA Report)

KBRA, a leading nationally recognized statistical ratings organization, has released a report on the magnitude and change in distress rates of the largest metropolitan statistical areas (MSA) in U.S. private-label commercial mortgage-backed securities (CMBS) 2.0, between June 2022 and August 2023. The study population includes nearly $600 million of collateral …

BrokerageData CentersDevelopmentReports

Hyperscale Users and AI Driving Data Center Leasing and Construction Activity in Colorado

Sustained demand from hyperscale users and emerging interest from AI companies is driving growth in Colorado’s data centers sector, according to a new report from CBRE. Metro Denver registered 5.3 megawatts (MW) of net absorption in the first half of 2023, a five-fold increase from the same period a year …


Nearly 20% of Class B Office Loans Set to Mature: Denver is a Hotspot [CommercialEdge Report]

CommercialEdge just released its loan maturity report examining why Class B assets are more likely to default in light of the ongoing flight-to-quality trend that favors Class A spaces. The once-stable office sector is still grappling with lingering challenges created by the pandemic, as remote work continues to gain permanence and …


Denver Among North American Cities Best Positioned to Withstand Climate Change Impacts  

Denver has emerged as a leader in climate change resilience by investing in and implementing sustainability measures, improving its ability to protect property values and attract real estate occupiers amid climate risks, according to a new analysis from CBRE. In its first North American City Sustainability Study, CBRE Econometric Advisors …

Data CentersReportsTechnology

JLL Data Center Report: Denver a Hub of New Tech Start-Ups

JLL has just released its North American Data Center Report. The report covers data center trends plus select local market fundamentals with key insights. According to the report, the data center market is experiencing strong growth driven by hyperscalers, AI requirements, and the expansion of edge computing. Supply and demand …


Coworking in Broomfield is 49% Cheaper than Traditional Office [CoworkingCafe Report]

Coworking memberships were rarely (if ever) considered a serious contender for traditional office leases. However, the inherent flexibility of subscription-based office access is proving to be a useful asset for businesses of all sizes, especially during vigorous growth or restructuring. With this in mind, CoworkingCafe — part of Yardi’s network …


Cushman & Wakefield: Five Fast Facts for Office & Industrial Markets in Denver

Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels. Here are the Q2 market fast facts for Denver office and industrial: Office The Denver metro office net absorption continues to trend negative with downsizing …