Office Report According to CoStar, the second quarter vacancy rate held nearly steady, with a slight increase from 10.1% to 10.4% over the previous quarter. Vacant sublease space increased to 1,850,094 square feet. Rental rates were also up, ending at $25.84 per square feet. Fourteen new buildings were added to the market, totaling 886,365 sq
According to CoStar, the vacancy rate for the office market in Denver rose to 10.1% in Q1, which was up over the previous quarter. Sublease space increased as well. Rental rates were at $25.54, an increase over the fourth quarter of 2016. The largest lease signings in 2017 included the 333,929 sf lease signed by Encana Oil & Gas Inc.
Denver’s Q4 Vacancy Rates Up Slightly According to CoStar’s Q4 2016 Denver office market report, the vacancy rate is at 9.8%, up slightly from Q3 at 9.6%. Denver’s industrial market is also up at 4.8% over Q3’s 4.5%. Rental rates in both office and industrial saw an increase of at or just below 1%. We’ve
While the overall Denver Office market ended the third quarter 2016 slightly up with a vacancy rate of 9.6% over Q2’s 9.3%, the rate is still well below the numbers in the past 6 years and has continued to trend downward during that time. Absorption: Class-A net absorption was a positive 47,617 sf in Q3 compared to
by Bill Trinen, Trinen Realty Partners After labor costs, Real Estate is typically the next most expensive line item on the balance sheet. Engaging an experienced Commercial Real Estate Broker to represent your best interests is critical to the transaction process and will save you time and money. LABOR COST Finding a property/space can be
Demand for commercial real estate in the Denver market is at an all-time high. According to the Colorado Real Estate Journal, office space also commands top dollar. And anyone with a computer can find a commercial space with a simple cursory search on the internet. But how do you know how much space a listing
Extending the Expertise For assignments that require special attention, our network of best-in-class brokers for specific disciplines brings added value for our clients who need special services. The Best-in-Class Brokerage Network includes Brokers who are highly specialized for unique assignments. These property types include: Office Industrial Retail Land Investment Development Re Development Multi-Family Hospitality Medical Sports
[reprinted from Colorado Expression January 2016 Edition] SUCCESS IS EASY! Just find a niche, and fill it. Or so they say. It sounds easy enough, but perhaps the not-so-easy part is identifying that niche and, of course, having the expertise to make it work. The so-called “overnight success” invariably takes several years to get there. One
Denver has it all. Its metropolitan area is one of the fastest-growing and exciting hubs in the country. Downtown Denver has become a prime example of a well-planned urban center with restaurants and entertainment that holds up to even large cities (with the charm of smaller ones.) But step just beyond the metro area (a little bit
(by Rose Frederick. Photography by Brendan Herrington. Reprinted from 5280 Magazine) Soul Survivor Bill and Maya Trinen have a thing for old houses–painted Victorians, snug bungalows, Arts and Crafts-style homes. They believe those houses have character and, more important, soul. So last year when the opportunity arose to buy a dated ranch-style home on a
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