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.
Real estate experts believe the interest in Denver hotels will not be slowing down in 2019. According to a recent article in the Colorado Real Estate Journal, Denver hotel rooms are being built at a "rate that succeeds the national average."
Currently, there are over 125 "opportunity zones" in Colorado. At least 35 of them are located in Denver and its surrounding areas.
There are leases, and then there are ... leases.
Are you familiar with the term "boilerplate?"
If you're trying to choose a retail store location, it's a good idea to think about a few different things. You should consider your preferred customer base. Will the store be convenient to your target customers, and will the store's exterior and interior be visually appealing to them? Also consider what you'll be selling and how much space you need to do so.
There's nothing worse than being stuck in a commercial lease for an unprofitable business that isn't generating enough income to pay the bills. If you're in a situation like this, the future of your business could depend on your getting out of your commercial lease. Here are a few tips that could help you:
The $115 million Denver Tech Center was recently sold to the real estate firm Kingdom Oriented Real Estate (KORE). The 242,000 square feet Re/Max Plaza location was described by KORE as a "trophy asset."
In 2017, Denver had a record year for new commercial real estate construction. Real estate developers have added more than 5 million square feet to Denver's portfolio of commercial real estate space in the industrial sector alone. The last time the industrial real estate sector grew that much in one year was 2001.