Industrial property trades for $4 million
11.2.16 Commerce City Industrial Building Sale, Denver Industrial Real Estate, Nick SchillThe property sold on an in-place cap rate of 7.5%, with 15 tenants and 100% occupancy. The lease rate is $9.76 per square foot, modified gross, and expenses are $1.44 psf. Seller acquired this property in core and shell condition in February 2010 for $1.05M. ...
A big idea for a small site in Arapahoe Square
11.2.16 Billy Riesing, Denver Commercial Real Estate, Robert LawsonThe property had several offers the first day the property was listed and sold for $15,000 more than the asking price. “We have to be creative with great ideas for the highest and best use for a site,” said Robert Lawson, buyer’s representative in the ...
Denver in Top 10 for Development for ’17
11.2.16 Denver Commercial Real Estate Market, Denver Development, Denver Development OutlookDenver is the No. 9 city in the country for its development outlook next year, according to PricewaterhouseCoopers and ULI’s 2017 Emerging Trends in Real Estate. Its prospects for investments are a little weaker, coming in at No. 15, meaning that its ...
Two reports released this week seem to indicate that rents in Denver appear to be falling. The first, put out by San Francisco-based apartment app Zumper, indicated prices for one-bedroom apartment rentals in Denver have fallen 3.1 percent over the past year, ...
New on Crane Watch: 2 million square feet of industrial development
10.31.16 Denver Commercial Construction, Denver Commercial Real Estate, Denver Industrial Real EstateThe latest update to Crane Watch demonstrates the Denver metro area’s need for industrial space and how developers are answering that need — and not just in the typical industrial hotspots like Denver’s Montbello neighborhood and Aurora. Of the 15 ...
Shift Workspaces adds another 22,000 SF of shared office space to Denver market
10.29.16 Denver Co-Working, Denver Office SpaceShift Workspaces has doubled down on what it believes is the future of office, opening its second shared office and co-working campus in central Denver. The Denver-based shared workspace provider unveiled the 22,000-square-foot building last week, ...