10 Sep Denver region on the verge of being one of the top U.S. commercial real estate markets
Economic forecasts are healthy for the region, according to real estate and capital market experts at a recent Colorado Real Estate event
Above from left to right: Downtown Superior was highlighted as a presenting sponsor of the Colorado Real Estate Journal’s 2018 Office Summit & Expo, and a presentation by HHF shows the Denver office real estate market transaction volume up 43 percent year-over-year.
Downtown Superior was a presenting sponsor of the Colorado Real Estate Journal’s 2018 Office Summit & Expo on September 6, 2018 at the Hyatt Regency Aurora-Denver Conference Center. Hundreds of people attended the event that featured panels by local developers, brokers and investors and market overviews and forecasts by nationally known experts and researchers.
Key takeaways from the event included lively panel discussions on the unique challenges that the Denver region faces including growth, development saturation, a tight labor market, developing for human capital, and talent recruitment and retention. Educational presentations included snapshots of the current commercial real estate market climate and growth, interest rate and investment forecasts.
One noteworthy presentation that touted the strength of the Denver market was the Office Capital Markets Overview by Jimmy Hinton, Managing Director, Research, HFF, Inc. Hinton’s presentation highlighted Denver/Boulder’s attractiveness for investors and companies looking to expand into lucrative markets. With a reputation for a stellar quality of life, a strong labor market, relatively low cost of construction (compared to other U.S. markets) and solid rates of return, the Denver region is attractive to corporations looking to expand or move headquarters. These factors are contributing to Denver moving up in the ranks as one of the top 15 U.S. markets behind other largely populated strong markets such as Seattle, San Francisco and Manhattan. What most of these lucrative and emerging markets have in common is a skilled workforce, low unemployment rates and concentration of tech industries, according to Hinton.
Boulder County is particularly attractive to tech companies because of its booming economy, educated employment pool and proximity to major transportation routes and outdoor amenities. Companies looking to locate to this sought after location should consider Downtown Superior. The 157-acre mixed use development has roughly 800,000 square feet commercial space available; 373,000 square feet of office space and 250,000 square feet retail. With the residential portions of the development selling out fast there is a built in workforce and consumer base on the site ready to work, eat, shop, and play in the community.
For information about commercial use including office or retail build-to-suit or speculative opportunities please visit downtownsuperior.com/offices.
For more information about the Downtown Superior community downtownsuperior.com.