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Denver office leases set a record high for the third quarter with a net absorption of 1,070,775 square feet, lowering the vacancy rate to 10.6%. This was a substantial increase compared to fourth quarter of 2013 with net absorption of 454,424 square feet. Rental rates ended for the quarter at $22.88 which was an increase…
Another 25-story apartment tower to be built at 18th Avenue, between Lincoln and Broadway by Atlanta developer Novare Group. The 25-story, 354-unit apartment tower will be called SkyHouse Denver and will be the company’s 12th SkyHouse. With more than 10,000 units coming online in 2014 and another 24,000 are in the pipeline, Denver is considered…
The 40-story office building will be built at 1144 15th St. and will be among the 10 tallest buildings in Denver upon completion changing Denver skyline. The 640,000 square foot building will feature 10 foot ceilings and floor to ceiling glass. It has been more than three decades since Denver has received an office building…
Retail space vacancy for Denver metro area dropped to 6.6% in Q1 driven mainly by fitness users, niche grocery stores and discount retailers while average retail lease rates rose to $15.48 per square foot. Investment sales of retail space also jumped 54% year over year, with $72.3 million worth of sales. The highest average lease…
Owning a home is a keystone of wealth… both financial affluence and emotional security.
