• 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 billion each. CBRE’s update on...

  • 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 Global Prime Office Occupancy Costs...

  • 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. When it comes to preleasing,...

  • 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 the start of 2017, large...

  • 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

  • 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 A asking rates rose to...

  • CBRE: Online sales translate to industrial space demand

    CBRE Research estimate the amount of logistics space needed to accommodate rising e-commerce sales is 1.25 million per $1 billion of online sales. Read Full Report

  • Transwestern releases latest Market Watch reports

    The Denver retail market absorbed 2.3 million square feet year to date, according to Transwestern’s latest reports on the retail, office, industrial and flex markets. The retail vacancy rate decreased, as did the average asking rate. Read Full Retail Report Read Full Industrial Report Read Full Flex Report Read Full Office Report

  • CBRE Research: Retail sales up; industrial absorption continues

    Retail development remained strong in the third quarter, with over 187,000 square feet delivering in the quarter and nearly 964,000 sf underway, according to CBRE Research. Retail investment volume picked up in Q3 2016, increasing more than 70 percent quarter over quarter. More $159.1 million traded hands during the quarter for an average of $270.78 per sf year to date. Read Full Retail Report Read Full...

  • Transwestern releases third-quarter market reports

    Asking rates for Class A office space slowed and direct vacancy ticked up in the third quarter, according to Transwestern’s Third Quarter 2016 Economy Report. The Class A direct average asking rate was $30.61/sf, down from $30.76/sf in the second quarter. The Class B direct average asking rate was $22.45/sf up from $22.36/sf. The overall direct average asking rate was $26.25/sf, down from $26.40/sf at the...