Even with recession chatter and it being an election year, the economy is still growing especially in Colorado, which has one of the strongest retail markets in the country, showing the depth of disposable income available in the area. The strength of the economy plus low unemployment, low interest rates and high consumer confidence show that 2020 will be another strong year for business development and thus commercial real estate.
The Denver office market is being stabilized by massive demand for space by the technical sector. Denver’s ability to attract companies for its quality of life factors have made it a big winner in its record-breaking market expansion. These quality of life factors in addition to a vast level of business resources have created the perfect storm for business development. Speculative projects are on the uptick for 2020 and several large firms like Facebook and Slack have left behind coworking leases for larger and more permanent office leases.
As highlighted in our report, the commercial market in Colorado is strong and stable. At this time, investing in commercial real estate as part of an investment strategy or for a small business is a great way to build wealth and take advantage of low interest rates. On the flip side, divesting of commercial property is a great way to achieve a wind flow of cash for retirement or to invest in other business opportunities.
For more information on how to benefit from the current commercial real estate market, contact Transworld Commercial Real Estate at 720-574-2953 or visit transworldcre.com.
Transworld is a leading commercial real estate firm in Colorado serving the Rocky Mountain Region. Over the past six years our team has completed more than 200 transactions totaling 2.5 million+ square feet in leasing and have completed in excess of $20 million in sales over 25 states in the retail, office, industrial, and flex commercial real estate markets. Through their business brokerage partner, Transworld Business Advisors – Rocky Mountain, Transworld also advises clients on business mergers & acquisitions.
*This Commercial Market Report was compiled with data provided by Transworld Commercial Real Estate, The Colorado Sun and CoStar.