Wall Street Journal Pumps Denver Real Estate Market
As previously reported here and now confirmed by the Wall Street Journal, Denver’s real estate market is in line for an up swing.
Driven by the strengthening energy, financial and professional-service sectors, employment is rising.
Area improvements, FasTracks is putting Denver on the public transportation map. The historic Denver Union Station is being renovated and looks forward to being a hub of transportation.
Commercial real estate is being soaked up. Rent concessions for apartments are going away, vacancy rates are dropping.
Denver continues to have a strong demand and low levels of new supply in the apartment conversion department.
Oddly enough the high level of foreclosures have driven the vacancy rate down. Investors are looking at Denver area foreclosures favorably. And why not…the Denver metro area is a place people WANT to live in.
For the whole Wall Street Journal Story…
Denver Real Estate & Relocation
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