Recession recovery is continuing at a higher pace in the Northern Colorado commercial real estate market, says Steve Kawulok, managing director of Sperry Van Ness The Group Commercial in Fort Collins, Colorado.
The Northern Colorado market, which encompasses the three counties of Boulder, Larimer and Weld, had an improving outlook for the second quarter of 2013. Among the signs of recovery and strength were:
Market sales of property went up ;
Retail properties did the best;
Office properties gained momentum with the vacancy rates going down and rental rates on the uptick;
Investors are still active in this market.
For a complete picture of the Q2 activity in Northern Colorado, including significant commercial real estate transactions, read Steve’s Q2 report here.
*All Sperry Van Ness offices are independently owned and operated.