With increased remote work and PPE measures being installed, co-working spaces will likely be on the rise, but offices will certainly not be as large or prominent as they once were. This does not mean, however, that the commercial real estate market is dying. Rather, the needs of consumers have just shifted.
Like most things, timing to sell at the top of the market is very challenging. But, based on current buyer demand and limited supply, it's anticipated that the Vail Valley and Down Valley markets will continue to see price appreciation. See more advice from the pros about selling your property at the right time.
Altus Vail, a new 15-unit luxury residence development opening in summer, 2021, marks a significant milestone as the first new major construction in Vail Village in 10 years. The region is faced with a scarcity of new homes as it comes off a record year with $3.5B year in real estate sales and historic lows in inventory. Altus brings together a proven team of local and Colorado developers, designers, property and sales executives.
Good, well priced homes can and will still come to the market at any time. Determining your goals and communicating these with your broker will allow you to find the right home that meets your location needs and budget.
The ambitious goal at the 250-acre National Western Center is to create “the global destination for agricultural heritage and innovation.” That’s on a year-round basis, not just 16 days in January. And food, not just livestock. Think also of concerts and festivals, farmers’ markets and sporting events, classrooms and laboratories. The City of Denver is the master developer.
Commercial property owners must continue keeping a close eye on their properties from both economic and safety-oriented perspectives. To get off to a good start, here are ways you can protect your property during a mandatory shut down.
As Georgia flipped Democratic, treasury rates jumped to their highest since March. Why? What does this mean for interest rates and in turn real estate in both the short term and long term?
The main economic drivers in 2021 will be the rollout of the vaccine, the work from home and now the back to the office phenoms, the shift to online shopping, and the flight to suburbia. What does this mean for Colorado real estate in 2021?
Real estate experts say pandemic influences include pent-up demand from buyers, limited availability as potential sellers choose to remain in place, interest rates as low as 2.5% for a 30-year mortgage, and significant increases in location-neutral workers who have proven productive. The active summer buying season extended into fall after limited in-person showings in spring. The tight single-family home inventory and price appreciation have put dreams to relocate on hold for some.
This is a great time to list your property due to low inventory and interest rates. While the low inventory does have buyers nervous, those who come to the drawing board well prepared are still able to find homes. The same holds true for sellers who are looking to sell. Everyone needs to be prepared in advance to attract the right buyer as well as act when the right home comes along.
Wondering what 2021 has in store for Denver real estate, and if 2021 is the year to buy and/or sell? Here are some insights and predictions that may inform a few of those big decisions.
Finding the right tenant is key to the success of any real estate investor. In fact, most major problems landlords face are the result of putting the wrong tenant in their property. Here’s how to find the perfect tenant for your Colorado rental property to make investing in real estate a little easier.
Despite the COVID-19 pandemic–and in some ways because of it–the 2020 metro Denver real estate market through September continued to establish new highs (for home prices) and lows (for inventory).
As COVID-19 stormed into the country, many feared the housing market would take a turn for the worse. But fortunately, just the opposite occurred. Lower interest rates, pent-up demand and quarantine have resulted in the recent housing boom. While home values continue to appreciate, this is good news for investors looking to make 20-year real estate investments in 2020.
The best time to sell will be determined by a mixture of your personal circumstances and the local market dynamics. The Colorado market is showing signs right now of being an extremely strong seller’s market. Let’s break down some of those numbers and talk about how long this situation might last before going over a few general principles that will help you decide if now is the right time to cash in on your rentals.
This consumer segment, often defined by their “access over ownership” mentality, has different priorities and spending habits than previous generations. Millennials are now entering peak homebuying years, leaning into commitment and revolutionizing the home buying experience along the way.
Before COVID-19, Denver, like many vibrant city centers, was experiencing unprecedented population growth and a renewed interest in concentrated metropolitan office space. Then the pandemic came into play.
In Colorado, 2,209 homes are in the foreclosure process, with only 28 of them, or 1.27%, vacant. That puts the state among those with the lowest zombie property rates.
Denver is home to one of the most desirable housing markets in the country, and homeowners continue to enjoy a seller's market, where there are more buyers than homes for sale. What you can and can't skip when selling your home in a seller's market.
CommercialCafe surveyed 4,384 individuals who have been working from home, asking them about their living situations, their professional setup at home, their must-haves and what (if any) plans they had for a work area within their living space. Do you agree?
The Internet and sites such as Zillow can be great tools, but effectively marketing your property and finding the right pool of buyers–even in a seller’s market–goes beyond simply putting it on the MLS and waiting for the buyers to come knocking.
While the long-term rental market in Denver is currently booming, the short-term rental market, which consists of rentals that last fewer than 30 days, is a different story. Here's advice on how to turn a short-term rental property into a long-term rental.
For law firms with vacant space, renting out available offices benefits everyone. You add to your firm’s bottom line while providing valuable work space to solo attorneys or small law firms, creating collaboration and networking opportunities for everyone. With the right subletter and contract, this is a mutually advantageous and economic solution.
Across industries, leaders use the lessons from this large-scale work-from-home experiment to reimagine how work is done—and what role offices should play—in creative and bold ways. The real estate industry has recognized the need for change and adaptation in response to COVID-19, as well as the need to embrace technology.
