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 Vacancy Trends

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…

CREJ

April 5, 2016
Mtn. West hotel supply & demand

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…

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
Transactions

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…

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
stats

Strong employment, rising rents bode well for retail

Strong employment growth, decreasing vacancies and rising rents indicate a positive 2016 retail market, as demographic trends attract investors to the area, according to Marcus & Millichap. Marcus & Millichap’s 2016 Retail Investment Forecast provides these Denver observations:

CREJ

March 25, 2016

Edited by the Colorado Real Estate Journal staff.