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Denver office sector ended Q4 strong

Denver office

Denver office sector ended Q4 strong as average asking lease rates for the metro Denver office space rose 7.5% in the fourth quarter of 2013, while setting a record level of $22.20 per square foot. Investment sales rose 33% for the year, totaling $1.9 billion while office developments under construction reached 1.8 million square feet,…

First Gulf Corp. unveils office tower at 1401 Lawrence St.

office tower

First Gulf Corp. unveils a 21-story office tower at 1401 Lawrence St. The 21-story Class AA LEED, 290,000 square foot office tower will feature ground-floor retail and 347 parking spaces.  In addition, plans call for 10 foot high ceilings with floor-to-ceiling windows, floor size of 21,000 square feet (floor plate), a fitness center, eight-floor public…

Apartment rents in Denver are likely to increase in 2014

apartment rents

Denver metro area apartment rents are expected to grow 4.9% in 2014 even as some 7,400 new apartments are coming online according to a 2014 forecast by Hendricks-Berkadia.  In 2014, builders are expecting to deliver 7,400 rental units, however in 2015 deliveries are expecting to drop to 5,500. Because of Denver’s strong employment growth which is…