Industrial commercial real estate in Denver is very interesting to watch. Many reports show a massive increase in e-commerce during 2020 as more and more purchases were made online. This is one of the driving factors behind the health in the industrial market. Also, companies are expanding their distribution and logistics facilities to get product closer to the end users. Let’s dive in and review some of the metrics.
Multi-family commercial real estate still seems to be the favored product type. It is the easiest to lease and the easiest for most people to understand. Tenants need a place to live, so they rent an apartment for a year.
Wow!!! Watching and participating in this market is something else… Again, the Denver Metro residential real estate market saw record high showings and record low inventory! Towards the end of March, we started seeing some more homes hit the market but not enough. Let’s jump into Supply, Demand, Average Sales Price, and Months of Inventory for this review.
January 2021 was another interesting month for residential real estate in the Denver Metro area! The market continues to set new records with record low inventory and strong demand.
Industrial commercial real estate fared better in 2020 than every other type of commercial real estate! The demand for industrial space has been driven by changes in distribution. Let’s dive in and review some of the metrics.
We are still seeing headlines of retailers in trouble. Everything from store closure announcements to bankruptcies. While online retail is setting all time records. Let’s be clear… America is IN LOVE with stuff!!!!
Office properties still have a big question mark hanging over them. Most people know that a large amount of professional positions transitioned to working remote in Q2 of 2020.