Wick & Trautwein, LLC
Call Today
Toll Free
Broad Based Experienced Legal Help Since 1972

Creative Solutions, Exceptional Results

The law firm of Wick & Trautwein, LLC, has a long history of partnerships with the people and businesses of northern Colorado and southern Wyoming

Denver commercial real estate on the rise in improving economy

In Colorado and across the country, it's a great sign when you see your local economy picking back up. With the past few years being difficult due to a recession in the United States, the good news is that many states are on the mend, and businesses are again starting to thrive.

News from April 10 in Colorado reports that Denver is picking up the pace and becoming a growing sector for office and industrial businesses in 2015. In 2014, the area has fallen behind its counterparts, but 2015 has turned around with more leases being taken out by companies and a lower vacancy rate by those already in the area.

Interestingly, metro Denver saw retail vacancy rates drop to 6.2 percent, which is the lowest they've been since 2006. Now, the lease cost has also increased to $16.73 per square foot, the most that has been able to be asked for since 2009. How much better is Denver really doing? Figures show that in the first quarter of 2014, 720 square feet of positive absorption took place in the commercial real estate market, which was very low. In 2015, that number rose to 234,355, which is on par with other areas.

However, despite growth overall, Aurora and west Denver both saw negative absorption, which means businesses left or vacated the area. Part of the reason for this is that Aurora has recovered slowly from the recession because of being a retail space for Class C businesses. Overall, the report shows good signs that the Denver metro area is going to continue to improve through the rest of the year.

Source: Denver Business Journal, "Colorado's retail real estate picks up; office and industrial steady," Molly Armbrister, April. 10, 2015

No Comments

Leave a comment
Comment Information
Watch More Videos

We Take Your
Emails Seriously

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Wick & Trautwein, LLC BBB Business Review
FindLaw Network
Firm Locations
Wick & Trautwein, LLC
323 South College Avenue #3
Fort Collins, CO 80524

Phone: 970-237-5694
Toll Free: 866-686-1410
Fax: 970-482-8929
Fort Collins Law Office Map
Wick & Trautwein, LLC
513 Big Thompson Ave
Estes Park, CO 80517

Located in Lower Stanley Village
Phone: 970-586-3505
Fax: 970-586-3269
Estes Park Law Office Map

Windsor Office
(by appointment only)
421 Main Street
Windsor, CO 80535
Toll Free: 866-686-1410
Map and Directions