It was bright news for the Denver Colorado real estate commercial market when the 2008 annual report for “Emerging Trends in Real Estate” chose Denver CO real estate in its Top 10 cities to keep an eye on for commercial investing. Professionals ranging from lenders to real estate investors to developers picked properties in Denver for several reasons.
Denver CO h
omes and businesses are located in a growing region in the South Platte River Valley on the High Plains just east of the Front Range and recreational adventures in the Southern Rocky Mountains. The Denver downtown district is approximately 15 miles east of the foothills of the Rocky Mountains. In 2007, almost 600,000 people resided in the City and County of Denver, 2.5 million in the Denver-Aurora Metropolitan Statistical Area, 3 million in the 12-county Denver-Aurora-Boulder Combined Statistical Area, and almost 5 million in the 18-county Front Range Urban Corridor.
The city has the 10th largest central business district in the United States including a diversified economy. As the state capital and one of the largest cities in the western U.S.A., the Mile High City boasts a large government presence with nearby military installations. And the housing market has remained relatively stable, even during the changing real estate markets.
The commercial real estate market was the last sector to feel the pain of the nation’s real estate slow down and is expected to rebound in the next couple of years. On a national scale, however, several problems need to be solved including the debt load, the inability to obtain loans or credit, declining property incomes, and fear. It is forecast that the commercial market will fall 15 to 20 percent from its peak during 2007. For the rebound to happen nationally and even locally, these issues need solutions.
As the financial industry comes to grips with these and other issues, our promising city is cautiously moving forward. For more information about farms, horse properties, and real estate in the area, call Michael Paul of Realty Oasis at (303) 268-6052.
