REBusinessOnline

Investors Continue to Pay a Premium for STNL Retail Properties in Colorado

Single-tenant, net leased (STNL) retail properties continue to be among the most highly sought-after real estate investments. This is particularly true in Colorado and California where supply and demand constraints have created sales with significant premiums. [caption id="attachment_204749" align="alignright" width="100"] Zach Wright, Pinnacle Real Estate Advisors.[/caption] Investors are accustomed to paying low cap rates for single-tenant assets within California as these properties have …

Industrial Investors, Developers Turn Up the Heat in Denver

Denver industrial assets are achieving record pricing as cap rates compress well below 5 percent for Class A product. As this is happening, developers are taking on hefty projects, signaling that Denver’s industrial real estate cycle is stretching its legs instead of winding down. [caption id="attachment_204754" align="alignright" width="100"] Jessica Ostermick, CBRE[/caption] Among the headlines: • Denver’s single largest investment transaction on record occurred in the first …

Denver’s Multifamily Market Tests Its Limits

An interesting metric was reached in the Denver multifamily market during the first quarter of 2018 — and that’s record absorption. [caption id="attachment_204743" align="alignright" width="100"] Craig Stack, Colliers[/caption] The city already boasts accolades for quality of life, talks of strong in-migration and speculation of becoming the location for the second Amazon headquarters. After these, the most common topic of conversation for multifamily professionals is the …

Denver’s Dynamic Office Market Changes Face of Downtown

Denver’s office market has been riding a wave of expansion, entering its ninth straight year of growth, with net absorption totaling 186,826 square feet in the first quarter of 2018. While vacancy ticked up — ending at 15.9 percent, up from 15.1 percent in the prior quarter and from 14.6 percent one year ago — it is expected to fall over the next several quarters as tenants continue to absorb space in both new and existing buildings. [caption id="attachment_204739" …

Denver Industrial Market is Still Climbing

Denver’s industrial market has had an impressive run so far this economic cycle – so much so that the top-of-mind-question is, “Where do we go from here?” Last year was a prolific year, attracting new investors, delivering 4.5 million square feet of Class A space and posting the fifth straight year of sub-5 percent vacancy. But the outlook for 2017 is brighter given Denver’s strong economic foundation, the arrival of e-commerce users and delivery of much-needed warehouse …

Five Transformative Years Elevate Denver’s Office Market

The region is creating transformative projects that are substantially elevating the desirability of its office market five years into Denver’s strong development cycle. This trend — strongest in Denver’s Central Business District (CBD) and Southeast Suburban (SES) submarkets — is attracting a new breed of tenants to the Denver landscape. [caption id="attachment_181853" align="alignright" width="100"] Jamie Gard, Newmark Grubb Knight Frank[/caption] [caption …

Job Growth Encourages Industrial Development

Denver’s economic growth, its reputation as a commercial hub in the Rockies and the growth in e-commerce sales are all factors contributing to the metro’s strong industrial property performance. [caption id="attachment_182226" align="alignright" width="100"] Bob Kaplan, Marcus & Millichap[/caption] Denver employers are on track to add 39,000 new workers to their headcounts by year end, expanding the local workforce by 2.8 percent, with the professional and business services and …

Investor Demand Outpaces Retail Property Listings in Booming Denver Metro

[caption id="attachment_133205" align="alignright" width="100"] Richard Bird, Marcus & Millichap[/caption]A booming Denver economy has strengthened the local real estate market, creating strong demand across all property sectors, including multifamily, housing, office and retail. The wealth effect stemming from robust employment and rising home values will specifically drive retail sales in the Denver metro this year. A thriving retail market will attract new tenants to the metro, and …

Colorado Springs Industrial Market Looks Positive

[caption id="attachment_131832" align="alignright" width="150"] Andrew C. Oyler, Quantum Commercial Group [/caption] The Colorado Springs industrial real estate market continues to rebound with a decrease in vacancy to 8.1 percent, an increase in the average asking rate to $6.19 per square foot (NNN) and a net positive absorption of 199,101 square feet. Along with these improvements, there has been a healthy number of owner/user acquisitions in the industrial market that has created a more …

Apartment Construction Picks Up in Denver After a Lull

Construction of apartment buildings is leading the Denver metro area’s building boom, with more than 19,000 units starting construction in 2012 and 2013 that are expected to be delivered this year. This is the most apartments this market has added in such a short period of time in more than 40 years. This construction boom follows a stretch where we saw little multifamily development, which created a short-term need to catch up with current population growth demands. Some perceive …

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