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Denver Real Estate Law Blog

Basic tenant rights to understand

It's over 90 degrees outside and your air conditioning decided it was time to retire a couple days ago. You've emailed, called or texted your landlord numerous times with no response or action. Sure, you can always find ways to fight the heat, but you should be able to rely on the air conditioning you pay for.

So, do you have every right to be upset about the situation? Yes, you do.

Real Estate Bidding Wars Running Hot and Cold

One of the most stressful parts of purchasing a new house is competing with other prospective buyers. Many home buyers deliberately avoid the buying season that begins in March, waiting for the cooler fall weather of September to embark on a search. Lower temperatures can mean less competition among buyers, a trend that has been consistent from 2013 to 2018.

That five-year tradition may be coming to an end. Current cooling is not reflecting a residential real estate market that instead may be speeding up during what is traditionally a slow spell.

Denver’s Booming Economy Fueled by Business Real Estate

 

Few cities have benefitted more from the current booming economy than Denver. In fact, Colorado’s capital city has earned the designation as the “best economy in the nation” for 2018.

Denver's Booming Economy Fueled by Business Real Estate

Few cities have benefitted more from the current booming economy than Denver. In fact, Colorado's capital city earned the designation as the "best economy in the nation" for 2018.

Fueling the Mile-High City's success is business real estate. When the recession ended, the city's office market blossomed, reaching unprecedented levels with eight consecutive quarters of positive net absorption.

To buy or not to buy. That is the question.

The prospect of businesses owning versus renting their office space has become more attractive as leasing prices have increased over one-third since 2010. Also, a sliver of good news exists in interest rates continuing their decline.

Under a rental agreement, landlords have the advantage of negotiating initial and continuing leases that build in new rights for them.  As time goes on, ownership becomes a more valid option over continuous negotiation of new leases with increasing square footage rates.

Rich millennials opt for vacation properties over starter homes

Wealthy, urban-living millennials are more likely the rent in the city and buy vacation homes outside urban areas, according to financial website TheStreet.com. Some are looking at a second home as an investment opportunity without owning their primary residence.

The National Association of Realtors (NAR) says the average age of vacation home buyers is 43, compared to 2003, when the average age was 61. The NAR says buyers of all ages are taking advantage of lower interest rates in the second home market.

10 commercial leasing terms to know before signing

Real estate investing can be intimidating.  However, an educated real estate investor who understands the terms and provisions of a real estate document before signing has a better chance of long-term success.

Commercial real estate leases contain general terms and more nuanced terms.  It is important to know the meaning and significance of such terms when signing a lease.

  

The Profitable Potential of Storage Facilities

Real estate investment is a risky proposition, especially commercial property. Simply put, no guarantee of success exists. However, certain business segments carry more promise for long-term success.

When people think of real estate for business purposes, selling land for business or rental properties comes to mind. However, a particular segment can provide significant profits without a steady flow of patrons.

The Numerous Benefits of Multi-Use Development

The Colorado residential real estate market has enjoyed a resurgence since the Great Recession that occurred from 2008 to 2009. While a great deal of coverage has documented the comeback nationwide, the Centennial State’s commercial properties continued to thrive due to the following:

  • Record deal volume

Real Estate Stock Stays Strong

With fears fueled by trade war-inspired tariffs levied against China, Wall Street has been on a roller coaster ride as of late. On July 14, the ride turned into a free fall with stocks plummeting by 800 points. Some recovered, yet the feeling of instability remains.

Amidst the darkness shined a light. Not as affected by the ups and downs that come with uncertainty were stocks that all had something in common.

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