The Q1 2019 Commercial Market Report

The State of the Office, Industrial, and Retail Sectors in Q1

Office Sector – A Stabilized and Fair Market Creates a Win-Win Scenario for Both Landlords and Tenants

The Denver office market continues to show a moderate rebound after slowdown we saw from the collapse in oil prices in 2015. Rent growth continues to move upwards as the vacancy rate dropped to 10% for office space. This 10% vacancy rate impacts the under-construction square footage negatively as it only shows 3.3 million square feet to be delivered to the market.

Industrial Sector – Overall Strong Market with Tight Vacancy and Rising Rental Rates

The Denver industrial market continues to trend upward on vacancy rates nearing 8% – increasing from 2015’s all-time low of 5%. Rental rates continued to grow year over year, reaching 6% in Q1 2019. This represents a 60% increase over the peak reached during the last economic cycle.

Retail Sector – Retail Keeps on Winning in This Market Cycle

The Denver retail market is feeling the market boosts in demographics in Denver. Since 2012, the retail inventory has grown by 3.5% annually. The retail space supply is still limited in the Denver market with Vacancy hovering around 4.4% already down from the end of 2018. Rental rates are trending up at a 5% increase year over year for the past 5 years.

The Quarter One 2019 Market – The Overall Commercial Real Estate Economy

Denver’s overall economy continues to show strong signs of growth as employment growth has gone up across the board and now we’re seeing the labor force expand upward by 3% annually. Marijuana legalization in 2012 helped boost the industrial market and the only blip in the market was the oil/gas adjustment in 2014. Denver keeps attracting a highly educated labor force and FasTracks light rail system development is boosting this construction cycle further.

As the market data suggests, if you’re the current owner of a commercial investment property and you’re ready to cash out or retire, the market is favorable for a sale, given the limited vacancy. For more information on selling your commercial property on the current Denver market, contact Transworld Commercial Real Estate to speak to a commercial broker by visiting transworldcre.com.

For the full Q1 2019 Commercial Market Report, click here.

Transaction Announcement – Transworld Business Advisors of CO to Move Office Headquarters to Denver Tech Center

Transworld Commercial Real Estate (Transworld), a leading commercial real estate firm in the state of Colorado, is pleased to announce that BH Drywall & Specialties, Inc has leased commercial space from Denver Corporate Center, LLC. BH Drywall & Specialties will occupy 2,400 SF of office space at 720 Corporate Circle, Suite A, which is nestled between Route 470 and Route 40 in Golden.

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Commercial Market Report Q1 2021

Q1 2021 Commercial Market Report-
Day-to-day life has gone back to the “old-normal” this quarter somewhat as we overcome the Covid-19 pandemic. This is an optimistic trend as we wrap up 2021’s first quarter. The wait-and-see approach is definitely shifting as social distancing mandates ease and we return to business as usual.

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Transaction Announcement –Retail Space – New High Plains Marketplace Shopping Center in Firestone Lands Popular Ice Cream Store

Transworld Commercial Real Estate (Transworld), a leading commercial real estate firm in the state of Colorado, is pleased to announce that BH Drywall & Specialties, Inc has leased commercial space from Denver Corporate Center, LLC. BH Drywall & Specialties will occupy 2,400 SF of office space at 720 Corporate Circle, Suite A, which is nestled between Route 470 and Route 40 in Golden.

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