The effects of the COVID-19 pandemic have started to impact the Colorado Springs retail market, according to a recent report by CBRE. The firm’s Colorado Springs Retail Marketview noted that […]

Transwestern Denver released its first-quarter 2016 Retail Market Watch Report. [vc_column width="1/3"][vc_column width="1/3"][vc_column width="1/3"]

The report covers the first-quarter 2016 commercial real estate activity in Mesa County, including Grand Junction, Fruita, Palisade, Clifton, Debeque and Collbran.

Completions remain elevated this year, placing upward pressure on vacancy. A diversified economy will bode well for the Denver apartment market this year, keeping vacancy at historically low levels despite a surge in inventory.

First-quarter highlights Biomet Inc. and CoBiz Financial were among the top office lease transactions completed in the first quarter.[vc_column width="1/3"][vc_column width="1/3"][vc_column width="1/3"]

Colorado Springs office market starts 2016 strong The Colorado Springs office market started 2016 strong with a total net absorption of 119,532 square feet, according to a first-quarter report by Quantum Commercial Group Inc. The firm also reported on several other sectors' performance in the first quarter.[vc_column width="1/3"][vc_column width="1/3"][vc_column width="1/3"][vc_column width="1/3"][vc_column width="1/3"][vc_column width="1/3"]

Rents nudge higher Overall asking rent increased quarterly by 0.7% to $25.84 and registered a 7.9% annual gain. Class A rent also rose by 0.7% to $30.32 and has spiked by 7.3% year-on-year.[vc_column width="1/3"][vc_column width="1/3"]

Once again, the Denver industrial real estate market started another year with momentum and strength, recording further advances in all fundamental indices. From tightening vacancy and increasing rates, to record pricing and compressed cap rates for investment sales, this historic run continues to outpace the typical length of a real estate expansion cycle, setting new…