Denver’s Coworking Sector Shows No Signs of Slowing Down
Coworking continues to change the global landscape of commercial real estate. According to Cushman & Wakefield’s newly released Denver Coworking 2.0 Report, this sector has provided substantial growth throughout the Denver Metro area over the past few years, with the Urban Core being at the forefront of coworking locations. From boutique operators …
Average Rent in Denver Jumped $36 in December, says Report
The average rent in Colorado reached $1,519 in December, increasing 2.9 percent, according to data provided by Yardi Matrix. Out of the 22 cities analyzed, rent prices declined in only two markets, by 0.2 percent. Nationally, apartments were renting for $1,474 on average at the end of 2019, after the slowest annual rise in …
Denver Metro Office, Retail and Industrial Sectors Close Out 2019 Strong
CBRE has released its Q4 2019 MarketView reports analyzing year-end performance for metro Denver’s office, industrial and retail sectors. “Metro Denver closed out 2019 strong, and we are now focused on some headwinds and tailwinds moving into 2020,” said Pete Schippits, senior managing director of CBRE’s Mountain States. “Looming questions remain around …
77% of Employees Are Happy in Their Coworking Space, says Survey
According to a new survey from Clutch, the leading B2B ratings and reviews platform, people are happy overall in their coworking space, suggesting that businesses don’t need a traditional office space to have satisfied employees. More than three-fourths of coworking employees, 77 percent, are satisfied with their coworking space. Clutch found the …
Changing Demographics will Impact Real Estate, Study says
The retirement of Baby Boomers and the debut of Generation Z workers has major implications for real estate occupiers, investors and policy-makers around the world, according to a new global research report from Cushman & Wakefield, entitled “Demographic Shifts: The World in 2030.” The implications are diverse – diverging trajectories …
CBRE Releases 2020 Real Estate Market Outlook Report
The U.S. economy will continue its long expansion in 2020, supporting the solid fundamentals of the commercial real estate market, according to CBRE’s forecast in its 2020 Real Estate Market Outlook report. CBRE foresees tempered growth in the U.S. commercial real estate market next year due to uncertainty surrounding trade …
Denver Tops Multifamily Absorption List in November
According to the Yardi Matrix Multifamily National Report for November, demand for multifamily housing remains high nationwide. More than 320,000 multifamily units have been absorbed nationally. While it’s not expected that absorption will reach 2016’s cycle peak of 377,000 units, 2019 marks the sixth straight year with at least 250,000 multifamily units absorbed. …
Denver Ranks 3rd for Progress of Urban Sustainability
Commercial Cafè recently identified the 50 cities in America that are making the largest strides toward improving the lives of their residents, as well as the ease of doing business, by embracing urban sustainability. Placing third overall, Denver achieved top 10 scores for its increase in green jobs and in LEED-certified …
Tenant Favorable Office Market Conditions in Denver
According to Jones Lang Lasalle (JLL), Denver’s office market recorded 262,802 square feet of direct net absorption and 349,945 square feet of total net absorption (including subleases) in the 3rd quarter, bringing year-to-date direct net absorption to 1,525,447 square feet and total net absorption to 1,490,968 square feet. Three deals contributing to POSITIVE absorption …
Denver Developers Building Up Instead of Out
According to RENTCafé’s most recent study, mid-rise and high-rise buildings have taken over the apartment market scene, proving developers are building up instead of out, in their quest to provide a healthy supply of residential units. The study shows how apartment buildings have changed over the last 30 years, growing vertically …