Edited by the Colorado Real Estate Journal staff.

Creating value for multiple stakeholders

Tourism is one of the strongest economic drivers for the state of Colorado and thrives as a multibillion-dollar industry that supports some 150,000 jobs and contributes close to a billion dollars in local and state tax revenues.

CREJ

April 18, 2016

A basic guide on what it takes to accomplish a zoning change

An owner (or buyer) of real estate may wish to change a property’s zoning in cases where the zoning disallows the intended or desired use of the property.

CREJ

April 18, 2016

April monthly economic indicators

The Metro Denver Economic Development Corp. recently released its April Monthly Economic Indicators report.

CREJ

April 13, 2016

Office rents up, absorption down, according to JLL summary

While Denver’s economy – and rental rates for office space – remain strong, the office market saw negative absorption in the first quarter of the year, largely due to sublease space becoming vacant, according to JLL’s Office Insight summary. The average direct asking rate for office space in the Denver metro continued to climb in…

CREJ

April 8, 2016

Self-storage vacancies drop, rents climb

Self-storage Vacancy Trends

Vacancies in self-storage properties in the Denver metro area and nationally will continue to decrease and rents will climb, according to Marcus & Millichap’s recently released 2016 Self-Storage Investment Forecast. The report says after three years of near-level vacancy in the Denver market, a drop of 110 basis points to 9.2 percent is expected by…

CREJ

April 5, 2016

Marcus & Millichap launches hospitality investment outlook

Mtn. West hotel supply & demand

Marcus & Millichap has launched an annual hospitality investment forecast for 16 regions nationwide, including the Mountain West. Highlights of the inaugural report are: Moderate but steady wage growth is converging with lower gas prices to support leisure trips that require a hotel stay in 2016. Growth in key hospitality performance indicators will likely moderate…

CREJ

April 4, 2016

The office ‘fun’ factor: Why does it matter?

I recently moderated a panel at the Colorado Real Estate Journal’s 13th Annual Property Management Symposium. The panel, comprising Doug Wulf of Cushman & Wakefield, Jamie Gard of NGKF and Alec Wynne of Avison Young, was focused on the competitive nature of office spaces in the current market.

CREJ

April 3, 2016

How the next evolution of workplace builds community

For decades a symbol of achievement in the working world has included securing the coveted corner office.

CREJ

April 2, 2016

Commercial real estate wrap-up 4-1-16

Transactions

Following are recent transactions reported to CREJ. Office Cybertech Inc. leased 7,079 square feet at 2821 S. Parker Road, Suite 1105, in Aurora. Eric Gold of API Sheldon-Gold Realty Inc. represented the landlord. Kforce Inc. leased 7,900 sf at 5680 Greenwood Plaza Blvd. in Greenwood Village. Courtney Hasson, Nathan Johnson, Jamie Gard and Casey Grosscope…

CREJ

April 1, 2016

Employment revision reports show considerably higher job growth

The annual benchmark revision of the Current Employment Statistics showed significant upward adjustments to annual employment for 2015 in Metro Denver, according to data released today by the Metro Denver Economic Development Corp.

CREJ

March 28, 2016