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.
CREJApril 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.
CREJApril 18, 2016
April monthly economic indicators
The Metro Denver Economic Development Corp. recently released its April Monthly Economic Indicators report.
CREJApril 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…
CREJApril 8, 2016
Self-storage vacancies drop, rents climb
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…
CREJApril 5, 2016
Marcus & Millichap launches hospitality investment outlook
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…
CREJApril 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.
CREJApril 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.
CREJApril 2, 2016
Commercial real estate wrap-up 4-1-16
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…
CREJApril 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.
CREJMarch 28, 2016