79.4 Percent of Apartment Households Paid Rent as of October 6

The National Multifamily Housing Council (NMHC) Rent Payment Tracker found 79.4 percent of apartment households made a full or partial rent payment by October 6 in its national survey of 11.4 million units. This is unchanged from the share who paid rent through October 6, 2019 and compares to 76.4 …


Denver Sees Decrease in Number of Cranes and Increase in Construction Costs in Q3

Denver’s construction slowed in the third quarter and construction costs increased, according to international property and construction consultancy firm Rider Levett Bucknall (RLB). The firm’s latest Crane Index and Quarterly Cost Report provide an insightful look at the North American construction industry in 14 key markets. According to the report, there was a …


Denver Sees Second-Most Data Center Leasing Among Secondary Markets in First Half of 2020

An increase in remote working and content streaming due to the COVID-19 pandemic has reinforced the importance of data center reliability. According to CBRE’s latest North American Data Center Trends Report, Denver saw the second-most data center leasing activity among secondary markets in the first half of 2020. Denver recorded 2.9 megawatts (MW) of …


U.S. Hotel Market May Not Recover Until Late 2021 or Early 2022, says Report

Integra Realty Resources (IRR), one of North America’s largest independent commercial real estate valuation and consulting firms, has released its Mid-Year U.S. Hospitality Report, which predicts that the U.S. Hospitality Market may not recover until late 2021 or early 2022. Julie Fugitt-Schultz, CCIM, director of Hospitality Valuation for Integra Realty …


“COVID-19 Dashboard”Tracks Pandemic’s Impact on the Condo Market

Polaris Pacific, the leading real estate sales and marketing group for new residential communities, has introduced a weekly, real-time market trend dashboard that measures changes to the condominium sector of eight core West Coast markets and provides data to navigate the complexities created by COVID-19 on these condominium markets. Updated …


ULI Examines Benefits of Creative Placemaking in Denver

The benefits of creative placemaking, along with best practices and successful case studies in cities throughout the United States, is explored in the latest Urban Land Institute (ULI) report, Creative Placemaking: Sparking Development with Arts and Culture. In short, Creative Placemaking integrates arts and culture with good design. It offers insights …


Survey Reveals Gender Diversity is Lacking in Real Estate Investing Community

It is widely known that the gender pay gap still exists, with women in the U.S. earning 80.4 percent of what men earned in the first quarter of 2020, but data suggests that the gap for women in the real estate investing industry is just as significant. Ahead of Women’s Equality Day on …


Pandemic Impacting Colorado Springs Retail Market

According to CBRE’s Colorado Springs Retail MarketView, for the first time in over 10 years, the Colorado Springs retail market posted negative net absorption. Through the first half of 2020, 282,000 square feet of negative net absorption was recorded. Direct vacancy increased to 6.1% in Q2 2020, up 107 bps from Q4 …


New Study Finds Colorado Energy Policy Discourages All-Electric Buildings Despite Lower Upfront Costs

A report commissioned by Community Energy, Inc. and prepared by Group 14 Engineering, finds that the upfront cost to build new residential buildings with all-electric space and water heating is roughly 25 percent less expensive than comparable equipment powered by natural gas. Similar, but smaller percentage savings arise for new all-electric commercial buildings. …


Denver Metro Apartment Deliveries Down by 51%

The ongoing pandemic has had a visible slowdown in apartment deliveries. A shortage of available labor, funding and permits, along with some temporary construction bans, apartment construction nationwide is down by 12 percent compared to 2019. In fact, according to Rent Café, 13 of the 20 most active large metros are …