As of 23Q3, Denver ranks among the worst-performing office markets in the U.S. with a vacancy rate of 16.1%, surpassing levels reached during the Great Recession and the dotcom bust.
Demand for retail space has pulled back in recent months across the Denver market. Retailers have a multitude of headwinds to contend with, including persistent high inflation, rising consumer debt,
Demand is moderating across Denver’s once-booming industrial market. Local population growth has slowed in recent years, just as inflation and economic uncertainties have accelerated. While leasing activity remained above the
While demand has improved in the Denver multifamily market in 2023, the headwinds that caused the swift downshift in apartment activity in the second half of 2022 are still very
The Denver industrial market remains in expansion mode. Driven by robust employment growth and the rise of e-commerce, tenants continue to seek out more space to accommodate demand. The market
Market dynamics have shifted in Denver’s apartment sector. After a banner 2021, when the market posted outsized demand and soaring rent growth, fundamentals have noticeably cooled since the beginning of
Demand for office space in Denver remains depressed due to the normalization of remote and hybrid working initiatives, driving up the amount of available space to historic highs. After unsuccessful
A boom in consumer spending has been a key driver for the recovering retail sector in the last year. Personal savings added up during the pandemic as people stayed home,
Our annual broker’s golf tournament at the South Suburban Golf Club was a big hit. I can’t believe we forgot to take a picture of the entire group.
Always have fun at the annual Halloween party.