Denver is the No.1 Best Large City to Rent a New Apartment
As rentals are a red-hot commodity and many apartment buildings across the U.S. are almost fully occupied, renters have a better chance of finding a new place to call home in newly built rental communities. But where should they look for recently built apartments? To determine the top 50 best …
Rent Report Shows Substantial Decrease in Q4 Rent in Denver, While Vacancies Increase Overall
This week, the Apartment Association of Metro Denver (AAMD) released its 2022 Fourth Quarter Vacancy & Rent Report for Metro Denver. The average apartment rent went down $32 from the 3rd quarter, which amounts to an extra $384 of savings per year in the pockets of Denver area renters – …
Denver Office Space Among 50 Priciest U.S. Office Submarkets in Q4 2022
During the recent years of cascading challenges, the U.S. office market has undergone remarkable changes. And, signs of recovery are gradually emerging as we move into the new year. CommercialSearch ranked the top 50 most expensive office submarkets in Q4 2022, using the latest data provided by CommercialEdge. The Lower …
Face Foundrie to Open First Denver Location in Cherry Creek North
Face Foundrie, an all-inclusive focused facial bar providing facials, lashes, brows and skincare services, will open its first Denver location on Feb. 3, 2023, in the Cherry Creek North shopping district next month at 2630 E 3rd Ave. Michele Henry founded the brand in 2019 after the birth of her third …
FIRST LOOK: RLB Releases Q4 Construction Cost Report
International property and construction consultancy firm Rider Levett Bucknall (RLB) has released its Quarterly Cost Report providing an on-the-ground picture of construction activity in 14 key North American markets and data-driven insights into the industry for the fourth quarter of 2022. The construction industry continues to face a variety of challenges. Labor …
CBRE Releases Q4 2022 Reports on Metro Denver Office and Industrial
CBRE has just released its year-end 2022 reports on Metro Denver’s office and industrial commercial real estate sectors. Strong achieved rent growth highlighted a persistent demand for Denver industrial, while office net absorption turned positive as development and investment sales stalled. Office Highlights Leasing activity dipped in Q4 2022 with a …
High Interest Rates and a Recession Will Make 2023 Challenging for CRE
According to CBRE’s 2023 United States Real Estate Outlook, high interest rates and a recession will make 2023 a challenging year for commercial real estate. Though inflation eased in late 2022, it was still running at more than 7%. The Fed will continue raising rates until it sees a marked …
The Largest U.S. Coworking Operators of 2022 Announced
Remote and hybrid working models, coupled with the rise in the share of freelance workers, fueled demand for coworking space in 2022. And coworking operators have continued to innovate in an effort to keep up with the rapidly changing landscape of the up-and-coming market segment. With the new year just …
Westminster Ranks Among the 50 Best U.S. Cities for Remote Workers
Remote work has already sparked moves among professionals who can do their jobs from anywhere. According to a recent Upwork report, around 5 million Americans moved to a new city in the last two years thanks to work flexibility. So, where should remote workers relocate? To Westminster. According to RentCafe’s …
Multifamily Development Driving Denver Self Storage Market to New Heights
Multifamily development naturally creates an increased customer base for self storage. It’s no accident then that storage spaces have been springing up in places where residential development is intense. In the Denver metro area, the apartment boom of the last decade drove self storage construction to new heights. According to …