Denver commercial real estate
Denver commercial real estate continues to improve in Q2. All three submarkets of Denver commercial real estate showed stronger numbers both in vacancy and increased lease rates. Denver office space market showed the lowest Q2 direct vacancy rate at 13.7% which was the lowest in any quarter since 2008. The average lease rate for Denver…
Denver commercial real estate is fueled by energy companies Denver commercial real estate is booming partly because of the stiff competition from energy companies who are looking for prime real estate. Denver, along with Calgary, Dallas, Houston, Philadelphia and Pittsburgh are cities that are expected to benefit up to 75% of the 3.5 million new…
Denver commercial real estate showing a healthy start in 2013…. Denver office space submarket direct vacancy rate stood at 12.12% and asking rates at $21.91 per square foot for the Denver metro area. In April, 900,942 square feet was absorbed and lease rates were up 9 cents month over month. Denver’s central business district was…
Since the passage of referendums 2A, 3A and 3B, Denver commercial property owners will see a increase of 18 percent in property taxes. Approval of referendum 2A allows the city to retain about $68 million in property tax that otherwise would have been a property tax credit. The credit was applied by lowering the mill…
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