The Office Sector is in the Midst of a Rebound & Office Rents are Gaining Momentum
The Market Report
Our Q2 2019 Market Report will tell you that Denver, and Colorado as a whole, remain popular for major company expansions and relocations from out of state. While options for these expansions and relocations are more plentiful than just a few years ago, the inventory is still limited and only 1.9 million square feet was delivered to the market over the last 12 months.
Denver’s diverse economy and educated labor force continue to boost the office sector. The downtown area is burgeoning alongside Colorado’s tech industry, including the announcement of Slack and Facebook leasing space and plans for a large number of hires between Slack and Gusto, a tech payroll company.
Denver’s Commercial Development
Taking a drive around Colorado, it is hard to miss the cranes and development occurring – whether it’s new construction or the redevelopment of historic buildings. If you’re a business owner looking to lease or purchase and directly benefit from this development, we highly suggest working with a commercial broker who will have access to pre-market options. In addition, Denver’s limited vacancies in all three sectors, makes now the perfect time to capitalize from the sale of your commercial property.
To read the full market report, click here or for more information on how to benefit from the current Denver market, contact Transworld Commercial Real Estate at 720-574-2953.
ABOUT TRANSWORLD COMMERCIAL REAL ESTATE
Transworld is a boutique-style commercial real estate firm serving Colorado clients exclusively. Transworld provides clients a holistic suite of services for their commercial acquisitions and dispositions along with the unbiased and honest representation they deserve. Through their business brokerage partner, Transworld Business Advisors – Rocky Mountain, Transworld also advises clients on business mergers & acquisitions.