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Ho-hum numbers muffle commercial optimism

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Like broken records, commercial real estate brokers are repeating the same moderately upbeat refrain about the market conditions that they’ve been saying: “Well, it’s not getting worse.” Continue Reading Ho-hum numbers muffle commercial optimism

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Multi-tenant retail sale is positive sign

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Patrick Kerscher, a principal broker with Landmark Commercial Real Estate, closed a rare deal earlier this week when he sold a multi-tenant retail building at Research and Union boulevards. The 10,700-square-foot space sold for $2.45 million. That was a fair price for seller and buyer, said Tucker Manion, a broker with Centre Point Properties in… Continue Reading Multi-tenant retail sale is positive sign

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Lower rents changing downtown tenant mix

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When Kati Brewer started looking for a downtown storefront for her Pure Nutrition shop earlier this year, she was blown away by the affordability off Tejon Street. Continue Reading Lower rents changing downtown tenant mix

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Downtown’s retail scene has made a positive turn in the past year as vacant storefronts are beginning to fill. Continue Reading More retail steps up to fill Tejon vacancies

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New buzz and energy in the commercial real estate market has some local brokers cautiously optimistic that this is the beginning of better times, but others in the industry remain skeptical. “There’s definitely activity,” said R.D. Trinidad, president and managing broker at Hoff and Leigh. “We’re having more positive inbound calls than we’ve had in… Continue Reading Commercial real estate energy could forecast 2012 recovery

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2011′s biggest real estate deals

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The state of the U.S. economy played a definitive role in the Colorado Springs region’s top real estate deals this year. Investors swooped in to buy bank-owned properties at discount prices. Local and out-of-state apartment-management companies bought several complexes to capitalize on apartment demand, which is at a 10-year high. And large nonprofits with deep… Continue Reading 2011′s biggest real estate deals

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Commercial market’s pulse returns

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The commercial real estate outlook is a little rosier for 2012, thanks in large part to Wal-Mart and nonprofit organizations. Although office vacancies remained unchanged this year, retail and industrial vacancies dropped some, according to Sierra Commercial Real Estate. Throughout the city, office vacancies are about 17 percent — but that number trends higher in… Continue Reading Commercial market’s pulse returns

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Thanks to Wal-Mart and nonprofits, the commercial real estate outlook is a little rosier for 2012. Although office vacancies remained unchanged this year, retail and industrial vacancies dropped some, according to Sierra Commercial Real Estate. Throughout the city, office vacancies are about 17 percent – but that number trends higher in the northern area of… Continue Reading Sierra report: Commercial real estate trending up

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Commercial real estate market steady during 3Q

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Commercial office-space vacancy rates are high in the north, and retail vacancy rates are high in the eastern-central part of town. But industrial space is slowly filling throughout the city, two commercial brokerage firms say. Two firms, Sierra Commercial Real Estate and Hoff & Leigh Commercial Real Estate, each recently released their third-quarter reports. While… Continue Reading Commercial real estate market steady during 3Q

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Office vacancies remain high in the newly constructed buildings on the north end of Colorado Springs. Both Hoff & Leigh Commercial Real Estate and Sierra Commercial Real Estate released their second quarter reports this week and while the statistics varied, both documented high vacancy rates in commercial office space in the northern part of the… Continue Reading Glut of office buildings plaguing northern market

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