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Southwest Region 2024 Q3 Perspective
Discover the latest happenings in the SVN Southwest Region Perspective! Stay informed about current trends and enticing commercial real estate opportunities in this flourishing region. Our seasoned team of professionals is dedicated to delivering valuable insights,...
SOLD – 4206 – 4208 W 38th Avenue, Denver
Denver, CO SVN | Denver Commercial is pleased to announce the sale of 4206 – 4208 W 38th Avenue in Denver. The 3,895 sq. ft. flex space was sold for $1,250,000. Elizabeth Leder, Esq. with SVN | Denver Commercial represented the seller, Clear Sky Realty, LLC. Anna Hew...
Recent Lease Transactions
Denver & Surrounding Areas: 909 Bannock Street, Denver, CO Chef Daniel Young has leased 2,558 sq. ft. of retail space at Parq on Speer, a luxury apartment community at 909 Bannock St in. Chef Daniel Young is opening a new restaurant, Hamba, that is set to be a...
SVN Research & Reports
Economic Update – November 24, 2023
1. CPI INFLATION The Consumer Price Index (CPI) fell to 3.2% year-over-year in October, 50 basis points below the September reading, and follows two consecutive increases in annual CPI. Monthly CPI was flat, marking the first time the economy has experienced no...
Economic Update – October 27, 2023
1. GROSS DOMESTIC PRODUCT Real GDP rose by 4.9% during the third quarter of 2023, its fastest pace since the fourth quarter of 2021, according to the advanced estimate from the Bureau of Economic Analysis (BEA). Continuing the post-pandemic storyline, robust consumer...
Economic Update – October 13, 2023
1. SEPTEMBER JOBS REPORT The US economy added 336,000 new jobs in September, according to the Bureau of Labor Statistics, almost double the consensus forecasts. The unemployment rate remained unchanged at 3.8%. September’s employment growth was the highest since...
Northern Colorado Talking Points
Life Changes As We Know it in #NoCOCRE
Private Owners are SellingPrivate owners have been net sellers so far this year. They have sold almost $200 million more than they have bought as a class of property owner. Either it was a sign of locking in gains, or exiting while the market still had demand and...
All Property Types are in demand in our tri-county NoCO region!
Market Cap Rates at 10-year LowProjects Under Construction at 10-year LowOverall availability of space always runs a few points higher than vacancy, as certain tenants are planning to vacate, but still occupy the space. In our market this appears to be 2-3% higher...
Northern NoCO CRE Property Leases and Sales Kick Off 2020
More Speculative Building Occurring? Over the last two years, new buildings are occupied at a lower percentage than the historical average of about 60% - meaning that developers are starting to speculate on the market Availability Compared to Vacancy Overall...