Cresa Denver

This weekend, we proudly attended EY’s Strategic Growth Forum? 2024, celebrating the bold visionaries of the Entrepreneur of the Year? program. From thought-provoking keynotes to collaborative discussions, SGF inspired innovation and championed the entrepreneurial spirit—complete with a Willy Wonka-inspired "Pure Imagination" theme! As a presenting sponsor of the 2024 Entrepreneur of the Year? program, we had the privilege of celebrating remarkable entrepreneurs whose vision and determination redefine success. Read more about our SGF experience: https://lnkd.in/gMnrcDGp #Entrepreneurship #EYStrategicGrowthForum #EOY2024 #EOYUS #EYSGF #SGFUS

Denver voters approved ballot measure 6A. The measure allows the city to invest up to $570M through the Denver Downtown Development Authority to revitalize the central business district. The funding, primarily through tax increment financing, is intended to boost mixed-use development, improve public spaces and enhance connectivity across downtown. https://okt.to/wHxiPn

As Denver companies scale back #hybridwork policies, we're starting to see an uptick in demand. https://okt.to/2RbISx #DenverBusiness #CRE

On this Veterans Day, we express our heartfelt gratitude to those who have served. Your commitment to our nation’s safety and liberty is a gift to us all.

Amazon’s recent call for employees to return to the office (RTO) five days a week is the latest example of high-profile companies pulling back from their remote-work policies. Yet one recent real-world study, from the Harvard Business Review shows evidence on the benefits of hybrid work when it comes to reducing turnover and increasing profits. Data from the six-month experiment and subsequent performance reviews for the next two years was analyzed and found the two groups showed no differences in productivity, performance review grade, or promotion. Every company is different, have you found the right balance for your team? https://okt.to/ibcEIB #HybridWork #CRE

Trump's return to the White House in 2025 could again impact the commercial real estate market in cities like Denver. Potential tax changes, shifts in economic incentives, or regulatory adjustments might influence corporate expansion and investment, potentially boosting demand in some sectors. However, Denver’s office market would likely still contend with high vacancy rates, as remote and hybrid work models continue to affect space requirements, making tenant-focused lease terms a priority even amidst new federal policies. #Cresa #CRE

Denver's commercial real estate market is currently favorable for tenants, providing ample opportunities for negotiation regarding leases, concessions, and tenant improvements. Occupiers can leverage these market conditions to obtain advantageous terms that promote both flexibility and cost-effectiveness. #Cresa #DenverCRE #TenantAdvantage

Colorado's job market has reached a significant milestone, surpassing 3 million jobs for the first time in the third quarter, despite ongoing challenges for employers who are finding it difficult to recruit sufficient staff. We've added an average of 5,400 jobs each month, as noted in a recent report from economists at the University of Colorado's Leeds School of Business. However, if current migration patterns persist, the state may encounter an increasingly competitive labor market ahead. https://okt.to/ebLF7q

Have a quick question about the Denver Metro real estate market and where your company fits in? Our experts at Cresa have answers! Tell us your question and we'll post the answers here. #Cresa #CRE

Across the country, parcels of underused real estate are setting the stage for a new wave of development sprouting up on the heels of artificial intelligence. In Colorado, a state that beat out Illinois and others to land $40.5 million in federal funding from the almost $53 billion CHIPS and Science Act, a consortium called Elevate Colorado broke ground on a quantum computing research facility at an old industrial property in Arvada, northwest of Denver. The?70-acre property?— formerly used as a mining research hub — is slated to be transformed into Quantum Commons, with labs, shared research facilities and office space to allow quantum startups to develop and commercialize their technologies.