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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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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