Commercial Real Estate News
SOLD: 403 Perry Street, Castle Rock, CO
Castle Rock, CO - October 13, 2023 - SVN | Denver Commercial is pleased to announce the sale of 403 N Perry Street in Castle Rock, CO. The 26,745 sq. ft. Specialty property was sold for $ 7,200,000. MaryAnne Hardeman with SVN | Denver Commercial facilitated the...
SVN Research | Single Family Rental Report | 10.16.2023
SVN Single-Family Report By Cameron Williams, Director of Research, SVN International Corp. Elevated interest rates and a limited inventory of houses are driving Millennials and Gen Z towards the single-family rental (SFR) market in search of budget-friendly initial...
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
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...