By February 15, 2015 Read More →

Denver is best commercial real estate market in U.S., says Coldwell Banker

Denver’s a Mile High in one more way, according to the latest ranking by Coldwell Banker Commercial Affiliates.

Every year, the commercial real estate arm of Coldwell Banker Real Estate LLC ranks the best markets in the country for commercial real estate, and this year Denver came out on top.

The 2014 Coldwell Banker Commercial Market Comparison Report examined more than 80 markets for factors such as percent change in vacancy and rental rates for the office, retail and apartment sectors from the third quarter of 2013 through the third quarter of 2014.

Population and unemployment changes were also taken into consideration.

Denver was in the top 10 in last year’s ranking, but jumped up to No. 1 because of job growth, construction and economic expansion, particularly in energy, technology and health care, according to the report.

“Denver has recovered from the Great Recession and moved into expansion mode with positive market absorption in every market segment,” said Ben Gilliam, managing principal of Coldwell Banker Commercial Alliance Denver. “Investor confidence and activity from the east and west costs has led to a resurgence in development with 13 new office projects, seven new industrial projects and two new retail projects in recent months.”

“With the recent grand opening of the new Union Station/central transit hub, it is anticipated that the market could see its first $1,000 or more per-square-foot investment sale in the Central Business District,” Gilliam said.

Immediately following Denver in the ranking were San Fransisco, Houston and Dallas. >> Read full article

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