On March 13, the Colorado Real Estate Journal hosted its annual Multifamily Owners and Managers Conference and Expo. The Conference assessed the present and future of Colorado’s multifamily housing market with an emphasis on the Denver metro area. Speakers included economists, consultants, property managers, lenders, investors, and developers. They canvassed topics ranging from the
development
Colorado Apartment Vacancy/Rental Rates Suggest Market Optimism
This article in today’s Denver Post discusses how, despite some regional variation in vacancy rates and rents, the statewide trends suggest optimism among property managers and landlords concerning future demand.
The recent uptick in multi-family housing construction in some parts of Colorado indicates that developers may be feeling the same way.
It will be …
Important Ground Work Being Laid for Future Development in Denver
Late last week, there were two news stories reporting on important developments for real estate in the Denver area. Given the continued state of the economy and commercial real estate, I was pleased to see these reports. While actual development resulting from these events may be some time off, important ground work is being laid…
A Good Time to Pursue Entitlements
Despite today’s economic reality, real estate developers should consider the unique opportunities of pursuing land use entitlements now. While there is expense entailed in pursuing annexation, zoning, subdivision and related approvals, many jurisdictions are experiencing a significant drop in tax and fee revenues due to reduced development activity. Accordingly, developers who are able to pursue…