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Unformatted text preview: l real estate (CRE) activity
are glowing around Colorado. Strong correlation
exists with the health of employment in Colorado. Across the state, CRE space is slowly getting
absorbed by the addition or expansion of businesses in key industries, such as energy, healthcare,
education, and financial services. Not surprisingly,
stringent capital requirements and subsequent
limited inventory have beneficially impacted CRE
markets through positive absorption and a leveling
of lease rates.
Metro Denver CRE fundamentals through 2011
have continued to improve, albeit slow and steady,
similar to 2010. According to Newmark Knight
Frank Frederick Ross, the office market continues to benefit from a “flight to quality” trend as
companies seek more attractive rents and upgrade
space, especially into Class A. Overall office
vacancy rate stands at 18.9%, which is a decline
from 19.7% in 2010. The Denver Central Business District (CBD) and the southeast suburban
submarkets attracted the most investment and
leasing activity, while secondary marke...
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This note was uploaded on 02/11/2013 for the course MGMT 231 taught by Professor Yu during the Spring '13 term at Bauder.
- Spring '13
- The Lottery