Commercial and residential real estate in Denver, Colorado is experiencing record growth like never before, and it’s easy to see why when you take a close look at the job market and steady growth in the office and industrial markets. Denver’s record job growth is spawning the creation of new office space and residential housing developments in the Denver Metro area.
Out of the three major commercial real estate sectors in the Metro area, the one that is experiencing the largest amount of growth is the industrial sector, with tenants consuming more space than they have let go for the 29th consecutive quarter in a row. This is a staggering statistic and something that you should be aware of if you are considering entering the commercial real estate industry in the coming months.
As you can tell by the depiction in the chart below, the only city that is outpacing the Denver Metro area is Austin, which is in the middle of experiencing the largest tech boom in the country. Denver is also a hotbed for the tech industry, with the Denver Tech Center attracting entrepreneurs, investors, and inventors from all around the globe to this thriving hub of intelligence and activity.
Industrial lease rates are also on a steady incline, supported by restraint in new construction and building development around the metro area in this past quarter. About three-quarters of what is in the pipeline for new construction projects will be developed around Denver International Airport and on the north side of the metro area. This is going to bring even more jobs to the local area, and attract many out-of-state shoppers who are looking for housing, along with companies who are searching for more office space to rent, spiking home and commercial real estate values even higher.
Some market analysts and economic advisers believe that this will cause a disproportionate demand for housing which will eventually result in a bubble, and subsequent collapse, however, we have seen these giant real estate fluctuations in other stable markets around the country, and other experts believe that Denver and Colorado as a whole can sustain this level of growth, and continue to provide a solid financial foundation for construction projects and real estate development of the future.
For more info on selling your house fast in Denver Metro please read the following article: https://www.hbrcolorado.com/we-buy-houses-denver/
We are the premier Denver Metro Home Buying Service that has the ability to close quickly on your home without you having to make any repairs, or pay any closing costs, or other out-of-pocket fees or expenses. If you are frustrated with attempting to sell your home on the open market through a licensed realtor, or if you simply don’t have the time or money to invest in the property in order to get the maximum retail dollar amount, and you’d much rather sell it quickly for a cash payout, then our professional home buying service is definitely a good fit for you.
If you are ready to get a risk-free, no-obligation, fair cash offer on your home right now, then give us a call or text right now at (719) 286-0053 and one of our live reps will be more than happy to assist you.
Many homeowners that bought their homes before the market inflated are now in a great position to sell quickly for cash because they are able to sell at a much higher price in a much faster time frame, while still being able to extract a lot of the equity out of the home, without being forced to list it through a licensed real estate agent.
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