Commercial Real Estate News
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...
Recent Lease Transactions
SVN Denver Commercial Press Releases Denver & Surrounding Areas: 1401 Zuni, Denver, CO, 8020 Multisite LED, LLC, d/b/a Actuate Facility Technologies has leased 2155 sq. ft. of Office space at 1401 Zuni St in Denver. The Tenant was represented by Liz Leder. Josh...
Economic Update – September 29, 2023
1. INTEREST RATE DECISION/ECONOMIC PROJECTIONS At its September 20th meeting, FOMC officials left their benchmark interest rate unchanged, just their second pause since they began tightening rates in March 2022. Markets and onlookers were well-prepared for the...
Northern Colorado Talking Points
Small towns in NoCO hog the headlines for CRE June Activity
2020 NoCO Sales Volume Slowing- Way- Down Sales Now Closing 10% Lower than Asking Price 2020 shows greatest differential in last three years Contact our advisors to see how they can help you with your property Frederick, Milliken, Johnstown, and Windsor got on the...
Despite Slow May, Tri-county NoCOCRE region has Underlying Strength
Tri-County Vacancy Rate Rising since Start of Year The Vacancy rate has crept up to 6% after a year of low to mid 5% rates Sublet Space in Region has Doubled since Last Year Sublet offerings can explain half of the rise in vacancies this year Contact our advisors to...
Talking Points: Significantly Slower Transaction Activity in NoCO CRE
Six Months of Below Average Leasing Activity Almost 50% More Listings on Market Compared to Last Year Contact our advisors to see how they can help you with your property April displayed all the slow down of the general economy in the reduction of transactions in the...