Village at Westerly Creek II Wins People’s Choice Award At Housing Colorado’s 2015 NOW! Conference
December 3, 2015
Does Your Child's School Design Make the Grade?
February 27, 2014
Palace Construction Awarded The Fruitdale Lofts Historic Renovation Project
September 14, 2016
Denver's on Top in 2014 Commercial Markets to Watch
January 22, 2014
According to PricewaterhouseCoopers LLP and the Urban Land Institute, Denver commercial real estate development is ranked at 11, up 3 spots from last year. Among the top cities and markets to watch are Houston, Dallas and Seattle, but Denver looks promising to outpace them all. Out of 1,000 respondents interviewed in the survey, over half recommended a "buy" in terms of Denver retail space.
Curious about the lack of multi-family housing inventory? You're not alone. When asked, panelists at a recent ULI event named Colorado's construction defect laws to be some of the most stringent nation-wide. Developers are expected to remain wary of building in that sector until laws are reviewed.
Nationally, experts note that Denver has established itself as a unique sweet spot for commercial real estate, even in spite of rising lumber cost. Because of the presence of a stabilized market combined with an educated and qualified work force, the potential for growth is exponential. Investors have taken note of an expected population boom and are anticipated to fund further development this year through 2017.