Population growth in Colorado will create new job opportunities that will require new space.

Multifamily is expected to show risen cap rates in the future, which will push prices down; the industrial market will stay strong, therefore industrial space will keep being in demand, especially when it comes to warehouses and industrial centers. As about retail, it is estimated that some of the old sites will be redeveloped, and mixed-use retail will remain in demand, even if traditional retailers currently experience some problems and are expected to remain under pressure. The office category will stay healthy, mainly due to many companies relocating to Colorado, bringing more employees and therefore an increased demand for office spaces.

In the last 5 years, vacancies have declined by 50% due to the leasing activity, which becomes more active by the year.

Regardless the commercial real estate category that we are talking about, statistics show that lease rates, at least in the metro area, are at record highs and they will continue climbing in the next years. Finding space, especially in the industrial real estate market, may be a difficult issue, especially in central areas, precisely due to the competition.

If you plan on buying commercial office space please visit our Denver used office furniture store. We have a wide selection of used office furniture including desk, chairs and more.