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Strong correlation exists with the health of

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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.

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