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Unformatted text preview: 10 vacancy rates
reported by Realtec of approximately 13%, 9%,
and 8%. Businesses consider Northern Colorado a
safe place to grow, with its favorable tax environment, educated labor force, and high quality of life.
Existing CRE will continue to strengthen, provided
new supply is constrained.
Southern Colorado and Colorado Springs
ranked 9th in a study by the Brookings Institute
of the top 100 metro areas in the country for its
64 position to recover from the economic downturn, citing the resiliency of the area’s industries
and the gap between education of the workforce
and the needs of employers. In 2011, small office
lease transactions have been growing, which may
signal a stabilization of the employment market.
Sierra Commercial Real Estate notes that Q3 2011
vacancies were down but rents were generally flat
year-over-year. Office vacancy decreased slightly, to
17.27% from 17.41%, but rents slipped to $11.22
per square foot (psf) from $11.52 psf. Absorption
was muted by the lateral movement of tenants
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