Denver’s commercial real estate market has been ranked at No. 11 on the 2014 list of US “Markets to Watch” on the Emerging Trends in Real Estate report from Pricewaterhouse Coopers LLP and the Urban Land Institute.
The survey respondents reported that they see the outlook for investment and development prospects to be “good for 2014.”
Denver has been described as an “intriguing” market. Some investors see it as an established one, while others look at it simply as a good location to invest funds at present.
Over half of those surveyed (51.3 per cent) gave the city a buy recommendation, and 40 per cent said that it was a hold.
51.6 per cent of respondents rated Denver industrial property as a buy and 39.3 percent listed it as a hold.
Half of respondents said that the office market was a buy while 33.6 listed it as a hold and 16.4 per cent put it in the “sell category.
The report went on to say that the Denver market will perform at above-average levels in the coming years.
The combination of high industrial diversity and a well-educated workforce will provide several avenues for growth.
With interest rates remaining at historic lows, commercial real estate investments have increased.
CBRE’s Jessica Ostermick has looked at previous cycles and said that the market will continue to improve until at least the middle of 2017.
