Commercial Real Estate News
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...
SOLD: 9600 W Jewell Avenue in Lakewood, CO
Lakewood, CO, Sep 15, 2023 - SVN | Denver Commercial is pleased to announce the sale of 9600 W Jewell Ave in Lakewood, CO. The 12,466 sq. ft. Medical property was purchased for $ 2,110,000. Elizabeth M. Leder, Esq. with SVN | Denver Commercial represented the Buyer,...
Sale Transaction: 600 S Shields Street, Fort Collins, CO
Fort Collins, CO, September 11, 2023 - SVN | Denver Commercial is pleased to announce the sale of 600 S Shields St in Fort Collins. The 9460 sq. ft. specialty (church) property was sold for $ 772,200.00. Jack Reilly and Steve Kawulok with SVN | Denver Commercial...
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...