Denver’s Commercial Recovery
by Osman Parvez
The Wall Street Journal is reporting on the health of Denver’s commercial market. The article notes that it’s driven by job growth and strength in energy, finance, and professional service sectors. Office rents have increased as have prices for apartments downtown. The article also touches upon a how the tide of foreclosures are increasing demand for rental units.
Second Quarter 2006 vs 2005, according to the article…
Office vacancy has dropped from 19.2% to 17.6%
Retail vacancy has dropped from 18.0% to 16.1%
Apartment vacancy has dropped from 10.6% to 8.6%
Median home prices are up from $248,400 to $255,200
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Image: Ryan-O
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Ready to buy or sell? Schedule an appointment or call 303.746.6896.
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As always, your referrals are deeply appreciated.
—
The ideas and strategies described in this blog are the opinion of the writer and subject to business, economic, and competitive uncertainties. We strongly recommend conducting rigorous due diligence and obtaining professional advice before buying or selling real estate.
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Denver’s Commercial Recovery
by Osman Parvez
The Wall Street Journal is reporting on the health of Denver’s commercial market. The article notes that it’s driven by job growth and strength in energy, finance, and professional service sectors. Office rents have increased as have prices for apartments downtown. The article also touches upon a how the tide of foreclosures are increasing demand for rental units.
Second Quarter 2006 vs 2005, according to the article…
Office vacancy has dropped from 19.2% to 17.6%
Retail vacancy has dropped from 18.0% to 16.1%
Apartment vacancy has dropped from 10.6% to 8.6%
Median home prices are up from $248,400 to $255,200
.
Image: Ryan-O
—-
Want to get blog updates via email? Click HERE.
Ready to buy or sell? Schedule an appointment or call 303.746.6896.
You can also like our Facebook page or follow us on Twitter.
As always, your referrals are deeply appreciated.
—
The ideas and strategies described in this blog are the opinion of the writer and subject to business, economic, and competitive uncertainties. We strongly recommend conducting rigorous due diligence and obtaining professional advice before buying or selling real estate.
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More about the author
Osman Parvez
Owner & Broker at House Einstein as well as primary author of the House Einstein blog with over 1,200 published articles about Boulder real estate. His work has appeared in the Wall Street Journal and Daily Camera.
Osman is the primary author of the House Einstein blog with over 1,200 published articles about Boulder real estate. His work has also appeared in many other blogs about Boulder as well as mainstream newspapers, including the Wall Street Journal and Daily Camera. Learn more about Osman.
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Thinking about buying or selling and want professional advice?
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Your referrals are deeply appreciated.
