Denver-Boulder Lab Vacancy Rises in Second Quarter, Remains Among Lowest Nationally
Momentum slowed in the second quarter for the U.S. life sciences real estate market, though several indicators portend long-term expansion for the sector, according to a new report from CBRE. Vacancy for lab space across the 13 largest U.S. life sciences markets registered 9% in the second quarter, up two …
Labor Shortages a Top Concern for Construction Industry
While the construction industry continues to face challenges getting enough workers to fill job demands, survey responses in a new Wells Fargo Economist Team report indicate that the construction, manufacturing, and transportation industries are suffering from the most acute labor shortages. As inflation slowly downshifts, labor quality reemerged as the top …
Residential and E-Commerce Growth Spur Need for Outdoor Storage
Marcus & Millichap (NYSE: MMI) has published a special report on Industrial Outdoor Storage (IOS) properties. “As growing e-commerce underscores the need for this historically lesser-known segment of the industrial sector, IOS properties have emerged as some of the most prominent niche commercial real estate investments in the marketplace today,” said …
LoDo Looks Primed to Outperform the Wider Market for Years to Come
According to JLL’s latest research Chart of the Week, location, quality, and amenities continue to drive growth in the LoDo submarket. • Tenants looking to expand operations target downtown: Through relocations, expansions, and new leases, LoDo has grown into a hot spot for office users. Since 2020, LoDo has outperformed …
CBRE Releases Q2 Reports on Metro Denver Office, Industrial, Retail Sectors
Adding to its Q2 reports on the office and industrial property sectors, CBRE has released more insight into the Metro Denver office, industrial, and retail sectors. Retail availability continues to tighten as tenant demand remains robust, while medical office vacancy rates reached a new low, underscoring sustained demand in the MOB …
Denver Ranks No.10 in CBRE’s Annual ‘Scoring Tech Talent’ Report
According to CBRE’s 2023 Scoring Tech Talent report, Metro Denver ranks No. 10 overall, maintaining its position year-over-year as macroeconomic headwinds slowed tech talent hiring by major tech firms in North America. Overall, the U.S. and Canada added a net 760,000 tech talent jobs since 2020 across established hubs such …
Denver the 6th Most Eco-Friendly Office Market in the US
Given the growing importance of sustainability, the latest 42Floors study seeks to rank the most eco-friendly markets within the United States, based on eight metrics that analyze both the building itself (certifications, energy efficiency, and materials) and the surrounding environment (building policies, EV charging stations, public transit, and walkability). Washington, …
Office Sublease Remains Elevated, while Industrial Leasing Activity Underscores its Resilience
CBRE just released its Q2 reports on Metro Denver’s office and industrial property sectors. Office sublease availability remains elevated but a recent decline indicates signs of leveling off. At the same time, a robust industrial leasing activity underscores Denver industrial’s resilience. Q2 2023 Metro Denver Office Highlights After reporting record-breaking …
Nearly 60% of Office Vacancy Concentrated in Just 10% of Buildings
JLL’s latest Chart of the Week reveals that nearly 60 percent of Denver’s office vacancy is concentrated in just 10 percent of buildings. Vacancy remains largely concentrated in a limited number of buildings. Despite headlines of widespread vacancy in the office sector caused by the pandemic and changing work habits, the …
Colorado to Avert Recession, says CSU Economic Forecast
The latest ColoradoCast, with a forecast through October 2023, shows the Colorado economy continuing to avert recession. In 16 the months of March and April, the actual economic growth exceeded the ColoradoCast and the forecast for the subsequent months is for largely positive, albeit weak, growth in the state’s economy. …