Q1 Construction Costs Increase 3.2% in Denver
The construction market continued to experience significant inflationary challenges in early 2022, according to Mortenson’s Cost Index. Optimism for moderating costs in the latter half of the year has lessened and will be dependent on a variety of external factors including global stability, supply chain continuity, labor markets, and general …
Companies Weigh In on Office Space Needs Two Years from the Onset of the Pandemic
52 percent of survey respondents say they intend to reduce their office space over the next three years, mostly to eliminate excess space they anticipate will be freed up by remote work and more efficient use. That’s according to CBRE’s new survey of office-using companies. By contrast, most companies are …
Volatility in Construction Material Prices to Remain in 2022
According to Linesight’s quarterly Construction Commodity Report and price forecast (based on interviews with nearly 160 industry experts across the globe), prices for construction materials are projected to remain high and volatile in 2022, despite a predicted stabilization in the market many thought would come to fruition in Q1. Leading up to the …
Hybrid Office Becoming the New Norm, Says Cushman & Wakefield Study
Cushman & Wakefield today released a comprehensive study titled Office of the Future Revisited. The study reports on employees’ thoughts on returning to work; the need for flexible office workspaces; and increased demand for space in office-using industries. “There are two statistics that jump off the page in this report,” said David …
Rider Levett Bucknall Report: New Challenges Impacting the Construction Industry
International property and construction consultancy firm Rider Levett Bucknall (RLB) has released its latest Crane Index and Quarterly Cost Report. Together, the two documents provide an on-the-ground picture of construction activity in 14 key North American markets and data-driven insights into the industry. While the surge of the COVID-19 Omicron …
Denver’s Industrial Market Begins the Year on a High Note
According to Newmark’s Q1 2022 Denver Industrial Market report, Denver’s industrial market exhibited moderated levels of expansion for the first quarter of 2022, with an absorption of 1.1 million square feet. Although down from the previous quarter due to far fewer build-to-suit buildings being delivered, market-wide absorption was still up 44.4% year-over-year. Most of this …
Denver Office Market Sees First Quarter of Positive Absorption in Two Years
According to Newmark’s newly-released Q1 2022 Denver Office Market Report, with the new year and the pandemic numbers continuing to drop, employers have once again started to set plans for returning employees to the office. Office activity in Denver has picked up across all submarkets and industry types, although medium- and small-sized tenants remain …
Denver Among Top 10 Most Active U.S. Markets for Data Center Leasing
Driven by demand from the aerospace, defense and financial services sectors, Denver ranked among the top 10 most active U.S. markets for data center leasing in 2021, according to a new report from CBRE. The Denver market recorded 8 megawatts (MW) of data center space absorption in 2021—a measure of …
Aurora Apartments Give Renters the Most Bang for their Buck [RentCafe Study]
With the rental season already kicking in, RentCafe ranked the 100 largest cities in the U.S. based on how much apartment size they offer on a $1,500 budget. Denver is one of the top large urban areas in the country where $1,500 will stretch less than 700 sq. ft. in …
Denver Emerges as the 10th-Most Active Real Estate Market in the Nation
The ever-growing interest in Denver makes it the 10th-most impressive real estate performer in the nation. To identify the most active real estate markets in the last decade, StorageCafé looked at new construction in the single-family, multifamily, self-storage, office, retail and industrial sectors in the 50 largest metropolitan areas. Key takeaways …