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September 23, 2010
Northern Colorado commercial real estate markets are expected to remain steady, with improvement in select property areas, according to northern Colorado experts surveyed by the Everitt Real Estate Center at Colorado State University's College of Business.
The results of the Northern Colorado Commercial Real Estate 2011 survey were released Sept. 23 at the Everitt Real Estate Center’s 14th Annual Northern Colorado Real Estate Conference, “Reality Check 2011,” in Fort Collins.
“The good news is that the mind of the market indicates a ‘bottom’ for the commercial real estate market in Northern Colorado,” said Steve Laposa, director of the Everitt Real Estate Center. “The good news is that there are bright spots in leasing and sales transactions and value growth possibilities for multifamily, student housing, and senior housing. The bad news is the last year was hard.”
There was clear optimism in respondents’ outlook while acknowledging global, national and regional economic and financial challenges.
Other key findings include:
“'About the same, but slightly better' is the mantra for 2011, especially given the lack of sustainable economic growth in our region and lack of empirical evidence of job creation in Northern Colorado,” Laposa said.
This year’s survey was completed by more than 130 respondents.
Contact: Jennifer Dimas
E-mail: Jennifer.Dimas@colostate.edu
Phone: (970) 491-1543