Denver market offers support for retail opportunities

While high-profile, big-box store closures and Amazon’s announcement of its acquisition of Whole Foods fuel the narrative that brick-and-mortar retail is coming to an end, a deeper

CREJ

July 31, 2017

Denver is nation’s seventh-greenest city, says CBRE

Green Building Adoption Index shows more green in cities with benchmarking laws For the fourth year in a row, Denver ranked among the top 10 U.S. cities for the percent of its office space qualified as green-certified, according to the annual Green Building Adoption Index study by CBRE and Maastricht University.[vc_column width="1/3"][vc_column width="1/3"]

CREJ

July 12, 2017
JLL market update

CBRE: Office market holding steady at midyear

The average direct asking rate in the second quarter dipped slightly year over year. Despite the decline, the average direct asking rate remained 33.5 percent higher than its post-recession average, according to CBRE.[vc_column width="1/3"][vc_column width="1/3"][vc_column width="1/3"]

CREJ

July 12, 2017
JLL market update

JLL: Construction and availability swing pendulum toward office users

Despite positive total net absorption, total vacancy rose for the fifth consecutive quarter thanks to new deliveries with empty space. Newly built Colorado Center Tower III adds to the market 229,670 square feet, with no signed leases to date, plus One Belleview Station delivered 318,000 s.f., but tenants will not occupy until next quarter. [vc_column…

CREJ

July 7, 2017

CBRE: Agency Multifamily Mortgage Production Climbs to $45 Billion Ytd

Fannie Mae’s and Freddie Mac’s combined multifamily mortgage business reached $45 billion for the first five months of 2017, which comes in 14 percent ahead of 2016, according to CBRE Research. May production was almost identical to May 2016. Both agencies anticipate 2017 volume to reach or exceed 2016 numbers, which were $55 to $60…

CREJ

July 6, 2017
JLL market update

CBRE: Suburban Denver tops office occupancy cost increases

With a 17.2 percent increase year over year, suburban Denver was the fourth-fastest-growing market globally Suburban Denver had the highest increase in prime office occupancy costs—which reflect rent, plus local taxes and service charges for the highest-quality, “prime” office properties—from first-quarter 2016 through first-quarter 2017 among the U.S. markets studied in CBRE Research’s latest annual…

CREJ

June 23, 2017
Q1_2017 - New Warehouse

CBRE: Denver leads nation in industrial preleasing

Almost half of the 167 million square feet of U.S warehouse space currently under construction—72 million square feet—is already precommitted to tenants, primarily e-commerce, third-party logistics and retail users, according to a new report from CBRE Group Inc. At 3.2 million square feet, Denver is ranked 10th in the nation for warehouse space under construction.…

CREJ

June 15, 2017

CBRE Research forecasts solid growth, strong appetite for Denver assets

Growth in Denver's economy and most commercial real estate product types will continue through 2017, according to CBRE Research's 2017 Denver Market Outlook. In the office sector, more than 2.2 million square feet of speculative construction is expected to deliver in 2017, 1.9 million sf of it in suburban markets. With just 26 percent of new product preleased at…

CREJ

March 28, 2017

January jobs report far exceeds expectations

ob growth in January blew past expectations, with some analysts attributing the increase to “animal spirits” – a term coined by John Maynard Keynes to describe the willingness of households and businesses to spend and invest. Employers added 227,000 net new payroll jobs in

CREJ

March 12, 2017
JLL market update

NGKF: Rates for first-class office space top $50 per sf

Rates top $50 per sf in Denver for first time Denver’s office market ended the year with 631,642 square feet of absorption, and vacancy stands at 14 percent. In the CBD, ask rates in some of the super premium buildings have breached $50 per square foot, a level never before seen in Denver. In Cherry Creek, Class…

CREJ

February 28, 2017